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Lenawee County, MI · Sold

MI-297597

1761 County Road 115

$505,500
$3,431/ac · 147 ac
Acreage147 ac
Price per acre$3,431/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedOct 11, 2023
Coordinates41.8520, -84.1710
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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

Lenawee County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.

View Lenawee market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
37
Moderate risk
Wetlands1.2% of tract

Little to no mapped wetland coverage.

Average slope23.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power9,168 ft away

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

Buildable area87.33 of 147.32 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$532,554
$440,534$624,574 · $3,615/ac on 147 ac
Asking vs estimate
-5.1%
Priced below the comp set

Weighted from 6 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 $505,500
Maximum allowable offer
$304,317
$2,066/ac · +30.0% target margin

You need $201,183 off asking to hit this margin.

All-in cost$330,184
Net resale$489,950
Projected profit$159,766
ROI+48.4%
Annualized+69.2%
Break-even resale$2,436/ac
Profit if resale lands off target
-20%
$61,776
-10%
$110,771
0%
$159,766
+10%
$208,761
+20%
$257,756
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-217143
Paved · Off grid
106.0Jul 27, 2026$582,6005,4944,2872.9 mi
83
MI-328986
Gravel · Off grid
403.0Jul 27, 2026$835,2002,0732,7644.1 mi
76
MI-606335
Paved · Power at road
59.0Jul 27, 2026$360,8006,1103,5393.6 mi
73
MI-456374
Gravel · Power at road
60.7Dec 30, 2023$320,3005,2734,0176.1 mi
61
MI-859268
Landlocked · Off grid
494.3May 30, 2024$915,8001,8534,2132.1 mi
60
MI-889221
Gravel · Full utilities
477.7Jan 7, 2025$1,296,2002,7132,8259.9 mi
58
Show adjustment detail for the top comp
  • Tract size (106.03 ac → 147.32 ac)-8.1%
  • Access (Paved → Gravel)-15.3%

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.