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Iron County, MI · Sold

MI-592151

7693 County Road 10

$16,700
$5,860/ac · 2.85 ac
Acreage2.85 ac
Price per acre$5,860/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedSep 29, 2024
Coordinates46.1863, -88.5722
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

3 items to verify before you offer.

Risk index
20
Low risk
Wetlands11.2% of tract

Little to no mapped wetland coverage.

Average slope3.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power21 ft away

Power at or near the road.

Buildable area2.40 of 2.85 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$11,370
$9,681$13,059 · $3,990/ac on 2.85 ac
Asking vs estimate
+46.9%
Priced above the comp set

Weighted from 7 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 $16,700
Maximum allowable offer
$6,497
$2,280/ac · +30.0% target margin

You need $10,203 off asking to hit this margin.

All-in cost$7,049
Net resale$10,461
Projected profit$3,412
ROI+48.4%
Annualized+69.3%
Break-even resale$2,688/ac
Profit if resale lands off target
-20%
$1,319
-10%
$2,365
0%
$3,412
+10%
$4,458
+20%
$5,504
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-111709
Gravel · Off grid
2.1Jul 27, 2026$6,5003,1283,1485.9 mi
80
MI-541507
Gravel · Full utilities
1.8Jul 5, 2026$11,4006,3884,4776.5 mi
76
MI-131323
Dirt · Power at road
1.6Dec 25, 2025$7,5004,8244,8915.3 mi
75
MI-233018
Landlocked · Full utilities
5.3Jul 27, 2026$16,7003,1303,3286.4 mi
75
MI-231493
Dirt · Power at road
1.8Apr 11, 2025$6,4003,6223,7868.8 mi
71
MI-693864
Landlocked · Off grid
9.9Jul 27, 2026$26,3002,6704,2354.1 mi
69
MI-540624
Gravel · Power at road
0.9Sep 3, 2024$4,3004,5454,1487.7 mi
58
Show adjustment detail for the top comp
  • Tract size (2.07 ac → 2.85 ac)-0.8%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Off grid → Power at road)+17.6%

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.