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Iron County, MI · Sold

MI-888917

4012 County Road 49

$476,600
$1,243/ac · 383 ac
Acreage383 ac
Price per acre$1,243/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedMar 28, 2026
Coordinates46.1691, -88.6082
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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
46
Moderate risk
Wetlands3.4% of tract

Little to no mapped wetland coverage.

Average slope15.5%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power9,014 ft away

A long utility run — price in solar/off-grid instead.

Buildable area296.22 of 383.31 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$495,705
$363,938$627,471 · $1,293/ac on 383 ac
Asking vs estimate
-3.9%
In line with 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 $476,600
Maximum allowable offer
$283,260
$739/ac · +30.0% target margin

You need $193,340 off asking to hit this margin.

All-in cost$307,337
Net resale$456,048
Projected profit$148,711
ROI+48.4%
Annualized+69.2%
Break-even resale$872/ac
Profit if resale lands off target
-20%
$57,501
-10%
$103,106
0%
$148,711
+10%
$194,316
+20%
$239,921
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-898643
Landlocked · Off grid
314.3Jun 19, 2026$358,4001,1401,0832.3 mi
88
MI-898880
Paved · Power at road
373.2Apr 21, 2024$672,9001,8039622.0 mi
75
MI-468169
Dirt · Power at road
223.0Oct 25, 2024$559,9002,5111,5524.7 mi
65
MI-957416
Dirt · Full utilities
129.2Jul 28, 2025$576,3004,4601,8902.4 mi
64
MI-587211
Gravel · Full utilities
111.4Aug 6, 2025$348,4003,1281,0976.5 mi
60
Show adjustment detail for the top comp
  • Tract size (314.3 ac → 383.31 ac)-5.7%
  • Market time (2 mo)+0.7%

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.