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Iron County, MI · Sold

MI-540624

8840 County Road 119

$4,000
$4,255/ac · 0.94 ac
Acreage0.94 ac
Price per acre$4,255/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedDec 31, 2023
Coordinates46.0810, -88.5225
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

No material red flags on the mapped layers.

Risk index
8
Low risk
Wetlands4.9% of tract

Little to no mapped wetland coverage.

Average slope7.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

227 ft of deeded road frontage.

Power44 ft away

Power at or near the road.

Buildable area0.85 of 0.94 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$5,233
$4,182$6,283 · $5,567/ac on 0.94 ac
Asking vs estimate
-23.6%
Priced below 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 $4,000
Maximum allowable offer
$2,990
$3,181/ac · +30.0% target margin

You need $1,010 off asking to hit this margin.

All-in cost$3,244
Net resale$4,814
Projected profit$1,570
ROI+48.4%
Annualized+69.3%
Break-even resale$3,751/ac
Profit if resale lands off target
-20%
$607
-10%
$1,088
0%
$1,570
+10%
$2,051
+20%
$2,533
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-600400
Dirt · Power at road
0.8Jul 27, 2026$3,9004,8325,6235.5 mi
85
MI-270417
Paved · Off grid
0.8Jul 27, 2026$6,0007,4047,38810.9 mi
80
MI-541507
Gravel · Full utilities
1.8Jul 5, 2026$11,4006,3885,30712.5 mi
77
MI-111709
Gravel · Off grid
2.1Jul 27, 2026$6,5003,1283,73113.5 mi
71
MI-131323
Dirt · Power at road
1.6Dec 25, 2025$7,5004,8245,79712.3 mi
70
MI-231493
Dirt · Power at road
1.8Apr 11, 2025$6,4003,6224,48813.3 mi
64
MI-592151
Dirt · Power at road
2.9May 30, 2025$14,7005,1566,4237.7 mi
61
Show adjustment detail for the top comp
  • Access (Dirt → Gravel)+16.3%

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.