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Lenawee County, MI · Sold

MI-914642

690 County Road 398

$84,000
$4,850/ac · 17.32 ac
Acreage17.32 ac
Price per acre$4,850/ac
ZoningRecreational
Road accessLandlocked
UtilitiesPower at road
TopographyRolling
ListedJan 30, 2024
Coordinates41.8655, -84.1603
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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

1 item to verify before you offer.

Risk index
29
Low risk
Wetlands4.4% of tract

Little to no mapped wetland coverage.

Average slope5.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power161 ft away

Power at or near the road.

Buildable area15.73 of 17.32 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$76,257
$60,500$92,013 · $4,403/ac on 17.32 ac
Asking vs estimate
+10.2%
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 $84,000
Maximum allowable offer
$43,575
$2,516/ac · +30.0% target margin

You need $40,425 off asking to hit this margin.

All-in cost$47,279
Net resale$70,156
Projected profit$22,877
ROI+48.4%
Annualized+69.3%
Break-even resale$2,967/ac
Profit if resale lands off target
-20%
$8,846
-10%
$15,862
0%
$22,877
+10%
$29,893
+20%
$36,909
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-694527
Dirt · Full utilities
15.9Jul 27, 2026$94,6005,9333,81711.0 mi
81
MI-134638
Dirt · Off grid
17.3Feb 12, 2025$67,5003,9113,8672.1 mi
78
MI-984441
Dirt · Full utilities
15.0Apr 18, 2025$104,1006,9514,6793.6 mi
75
MI-524093
Gravel · Full utilities
11.6Sep 27, 2025$108,8009,3505,1884.5 mi
72
MI-606335
Paved · Power at road
59.0Jul 27, 2026$360,8006,1104,3203.0 mi
72
MI-823374
Landlocked · Full utilities
6.9Apr 22, 2026$54,5007,8806,0447.1 mi
71
MI-343371
Gravel · Full utilities
6.9Jul 27, 2026$40,1005,8092,9978.3 mi
70
Show adjustment detail for the top comp
  • Tract size (15.94 ac → 17.32 ac)-0.9%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Full utilities → Power at road)-18.0%

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.