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Luce County, MI · Sold

MI-162862

3759 County Road 125

$26,600
$5,577/ac · 4.77 ac
Acreage4.77 ac
Price per acre$5,577/ac
ZoningMixed Use
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedOct 7, 2025
Coordinates46.5091, -85.4555
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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

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

View Luce market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
19
Low risk
Wetlands6.5% of tract

Little to no mapped wetland coverage.

Average slope9.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area4.24 of 4.77 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$26,948
$22,433$31,463 · $5,649/ac on 4.77 ac
Asking vs estimate
-1.3%
In line with the comp set

Weighted from 10 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 $26,600
Maximum allowable offer
$15,399
$3,228/ac · +30.0% target margin

You need $11,201 off asking to hit this margin.

All-in cost$16,708
Net resale$24,792
Projected profit$8,084
ROI+48.4%
Annualized+69.2%
Break-even resale$3,807/ac
Profit if resale lands off target
-20%
$3,126
-10%
$5,605
0%
$8,084
+10%
$10,563
+20%
$13,043
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-652500
Gravel · Off grid
3.7Jul 27, 2026$12,1003,2904,6845.4 mi
84
MI-262896
Gravel · Off grid
4.9Dec 7, 2024$13,8002,8134,3281.0 mi
81
MI-221574
Paved · Off grid
1.9Jun 28, 2026$11,2005,9427,0693.6 mi
76
MI-183562
Gravel · Off grid
7.9Apr 29, 2025$32,2004,0676,3296.4 mi
74
MI-871752
Dirt · Off grid
2.1Jul 27, 2026$6,9003,2265,2626.2 mi
72
MI-871598
Gravel · Power at road
1.9Jun 1, 2025$8,4004,4205,5122.9 mi
72
MI-894224
Dirt · Off grid
12.8Jul 27, 2026$38,6003,0175,3949.7 mi
68
MI-243570
Paved · Full utilities
8.0Dec 5, 2024$43,3005,4385,0784.8 mi
68
MI-202106
Dirt · Power at road
2.8Jun 19, 2025$14,0005,0617,3875.1 mi
68
MI-934086
Gravel · Full utilities
11.6Apr 11, 2024$57,1004,9285,7335.4 mi
64
Show adjustment detail for the top comp
  • Tract size (3.67 ac → 4.77 ac)-1.0%
  • Utilities (Off grid → Full utilities)+43.5%

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.