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Iron County, MI · Sold

MI-541507

120 County Road 206

$11,200
$6,257/ac · 1.79 ac
Acreage1.79 ac
Price per acre$6,257/ac
ZoningMixed Use
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedMar 1, 2026
Coordinates46.2612, -88.4905
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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

1 item to verify before you offer.

Risk index
13
Low risk
Wetlands0.4% of tract

Little to no mapped wetland coverage.

Average slope8.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area1.69 of 1.79 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$11,330
$8,763$13,897 · $6,330/ac on 1.79 ac
Asking vs estimate
-1.1%
In line with 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 $11,200
Maximum allowable offer
$6,474
$3,617/ac · +30.0% target margin

You need $4,726 off asking to hit this margin.

All-in cost$7,024
Net resale$10,424
Projected profit$3,399
ROI+48.4%
Annualized+69.3%
Break-even resale$4,265/ac
Profit if resale lands off target
-20%
$1,315
-10%
$2,357
0%
$3,399
+10%
$4,442
+20%
$5,484
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-111709
Gravel · Off grid
2.1Jul 27, 2026$6,5003,1284,5126.3 mi
85
MI-131323
Dirt · Power at road
1.6Dec 25, 2025$7,5004,8247,0112.2 mi
80
MI-233018
Landlocked · Full utilities
5.3Jul 27, 2026$16,7003,1304,7723.0 mi
78
MI-231493
Dirt · Power at road
1.8Apr 11, 2025$6,4003,6225,4283.2 mi
78
MI-270417
Paved · Off grid
0.8Jul 27, 2026$6,0007,4048,9367.6 mi
72
MI-592151
Dirt · Power at road
2.9May 30, 2025$14,7005,1567,7696.5 mi
68
MI-600400
Dirt · Power at road
0.8Jul 27, 2026$3,9004,8326,80014.5 mi
68
MI-540624
Gravel · Power at road
0.9Sep 3, 2024$4,3004,5455,94712.5 mi
66
Show adjustment detail for the top comp
  • Utilities (Off grid → Full utilities)+43.5%

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.