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Luce County, MI · Sold

MI-536345

8359 County Road 295

$194,000
$3,262/ac · 59.48 ac
Acreage59.48 ac
Price per acre$3,262/ac
ZoningUnzoned
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedJun 1, 2026
Coordinates46.4222, -85.5033
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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
16
Low risk
Wetlands8.2% of tract

Little to no mapped wetland coverage.

Average slope5.1%

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 area51.87 of 59.48 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$274,566
$245,426$303,707 · $4,616/ac on 59.48 ac
Asking vs estimate
-29.3%
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 $194,000
Maximum allowable offer
$156,895
$2,638/ac · +30.0% target margin

You need $37,105 off asking to hit this margin.

All-in cost$170,231
Net resale$252,601
Projected profit$82,370
ROI+48.4%
Annualized+69.2%
Break-even resale$3,111/ac
Profit if resale lands off target
-20%
$31,850
-10%
$57,110
0%
$82,370
+10%
$107,630
+20%
$132,890
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-995490
Gravel · Off grid
32.0Jun 9, 2025$104,6003,2674,3785.3 mi
69
MI-787849
Landlocked · Full utilities
176.8Feb 5, 2026$422,0002,3874,69011.6 mi
68
MI-558261
Paved · Full utilities
238.3Sep 6, 2024$1,000,5004,1985,4684.4 mi
62
MI-894224
Dirt · Off grid
12.8Jul 27, 2026$38,6003,0173,98612.5 mi
62
MI-934086
Gravel · Full utilities
11.6Apr 11, 2024$57,1004,9284,23710.8 mi
58
MI-307976
Dirt · Full utilities
193.9Dec 3, 2023$556,2002,8694,98111.8 mi
53
Show adjustment detail for the top comp
  • Tract size (32.02 ac → 59.48 ac)-11.1%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (14 mo)+5.0%

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.