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Iron County, MI · Sold

MI-131323

7559 County Road 160

$7,400
$4,744/ac · 1.56 ac
Acreage1.56 ac
Price per acre$4,744/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographySloped
ListedAug 30, 2025
Coordinates46.2587, -88.5370
Loading terrain…
County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Iron County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.

View Iron market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
23
Low risk
Wetlands2.2% of tract

Little to no mapped wetland coverage.

Average slope25.6%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

298 ft of deeded road frontage.

Power106 ft away

Power at or near the road.

Buildable area0.92 of 1.56 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$6,951
$5,405$8,498 · $4,456/ac on 1.56 ac
Asking vs estimate
+6.5%
Priced above the comp set

Weighted from 8 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $7,400
Maximum allowable offer
$3,972
$2,546/ac · +30.0% target margin

You need $3,428 off asking to hit this margin.

All-in cost$4,310
Net resale$6,395
Projected profit$2,085
ROI+48.4%
Annualized+69.3%
Break-even resale$3,003/ac
Profit if resale lands off target
-20%
$806
-10%
$1,446
0%
$2,085
+10%
$2,725
+20%
$3,365
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-541507
Gravel · Full utilities
1.8Jul 5, 2026$11,4006,3884,5352.2 mi
85
MI-231493
Dirt · Power at road
1.8Apr 11, 2025$6,4003,6223,8355.4 mi
83
MI-111709
Gravel · Off grid
2.1Jul 27, 2026$6,5003,1283,1884.1 mi
81
MI-600400
Dirt · Power at road
0.8Jul 27, 2026$3,9004,8324,80513.4 mi
75
MI-270417
Paved · Off grid
0.8Jul 27, 2026$6,0007,4046,3145.5 mi
75
MI-592151
Dirt · Power at road
2.9May 30, 2025$14,7005,1565,4895.3 mi
71
MI-233018
Landlocked · Full utilities
5.3Jul 27, 2026$16,7003,1303,3714.7 mi
69
MI-540624
Gravel · Power at road
0.9Sep 3, 2024$4,3004,5454,20212.3 mi
63
Show adjustment detail for the top comp
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (1 mo)+0.5%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.