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Iron County, MI · Sold

MI-693864

9563 County Road 151

$28,800
$2,921/ac · 9.86 ac
Acreage9.86 ac
Price per acre$2,921/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedNov 4, 2025
Coordinates46.2382, -88.5310
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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

4 items to verify before you offer.

Risk index
51
Moderate risk
Wetlands3.5% of tract

Little to no mapped wetland coverage.

Average slope25.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power2,812 ft away

Service extension needed; get a utility quote.

Buildable area5.71 of 9.86 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$26,279
$21,572$30,986 · $2,665/ac on 9.86 ac
Asking vs estimate
+9.6%
Priced above the comp set

Weighted from 5 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 $28,800
Maximum allowable offer
$15,017
$1,523/ac · +30.0% target margin

You need $13,783 off asking to hit this margin.

All-in cost$16,293
Net resale$24,177
Projected profit$7,883
ROI+48.4%
Annualized+69.2%
Break-even resale$1,796/ac
Profit if resale lands off target
-20%
$3,048
-10%
$5,466
0%
$7,883
+10%
$10,301
+20%
$12,719
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-233018
Landlocked · Full utilities
5.3Jul 27, 2026$16,7003,1302,1033.9 mi
84
MI-424026
Gravel · Power at road
11.1Feb 16, 2026$49,8004,4862,6733.6 mi
81
MI-135517
Gravel · Full utilities
32.6Sep 27, 2025$175,7005,3813,0568.0 mi
65
MI-844981
Dirt · Off grid
22.1Mar 21, 2025$55,3002,4992,2806.4 mi
64
MI-592151
Dirt · Power at road
2.9May 30, 2025$14,7005,1563,4234.1 mi
61
Show adjustment detail for the top comp
  • Tract size (5.34 ac → 9.86 ac)-3.8%
  • Utilities (Full utilities → Off grid)-30.3%

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.