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Lenawee County, MI · Sold

MI-859268

8543 County Road 154

$923,200
$1,868/ac · 494 ac
Acreage494 ac
Price per acre$1,868/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedNov 30, 2023
Coordinates41.8220, -84.1744
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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

2 items to verify before you offer.

Risk index
36
Moderate risk
Wetlands1.7% of tract

Little to no mapped wetland coverage.

Average slope6.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power10,064 ft away

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

Buildable area461.59 of 494.29 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$891,382
$679,460$1,103,303 · $1,803/ac on 494 ac
Asking vs estimate
+3.6%
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 $923,200
Maximum allowable offer
$509,361
$1,030/ac · +30.0% target margin

You need $413,839 off asking to hit this margin.

All-in cost$552,657
Net resale$820,071
Projected profit$267,414
ROI+48.4%
Annualized+69.2%
Break-even resale$1,215/ac
Profit if resale lands off target
-20%
$103,400
-10%
$185,407
0%
$267,414
+10%
$349,422
+20%
$431,429
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-328986
Gravel · Off grid
403.0Jul 27, 2026$835,2002,0731,3295.3 mi
84
MI-279367
Gravel · Full utilities
531.0May 7, 2025$2,489,6004,6882,3915.6 mi
80
MI-889221
Gravel · Full utilities
477.7Jan 7, 2025$1,296,2002,7131,35811.5 mi
71
MI-259760
Paved · Power at road
706.0Jul 27, 2025$2,598,3003,6812,09811.4 mi
68
MI-297597
Gravel · Off grid
147.3Sep 23, 2024$534,3003,6271,8822.1 mi
61
Show adjustment detail for the top comp
  • Tract size (402.96 ac → 494.29 ac)-5.9%
  • Access (Gravel → Landlocked)-32.0%

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.