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Luce County, MI · Sold

MI-871598

590 County Road 70

$9,000
$4,712/ac · 1.91 ac
Acreage1.91 ac
Price per acre$4,712/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedApr 10, 2024
Coordinates46.4922, -85.5113
Loading terrain…
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
10
Low risk
Wetlands3.1% of tract

Little to no mapped wetland coverage.

Average slope11.4%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

246 ft of deeded road frontage.

Power71 ft away

Power at or near the road.

Buildable area1.76 of 1.91 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$9,081
$7,423$10,738 · $4,754/ac on 1.91 ac
Asking vs estimate
-0.9%
In line with the comp set

Weighted from 8 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 $9,000
Maximum allowable offer
$5,189
$2,717/ac · +30.0% target margin

You need $3,811 off asking to hit this margin.

All-in cost$5,630
Net resale$8,354
Projected profit$2,724
ROI+48.4%
Annualized+69.2%
Break-even resale$3,204/ac
Profit if resale lands off target
-20%
$1,053
-10%
$1,889
0%
$2,724
+10%
$3,560
+20%
$4,395
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-221574
Paved · Off grid
1.9Jun 28, 2026$11,2005,9425,9553.7 mi
90
MI-871752
Dirt · Off grid
2.1Jul 27, 2026$6,9003,2264,4334.8 mi
85
MI-162862
Gravel · Full utilities
4.8Jul 20, 2026$26,6005,5774,7122.9 mi
80
MI-652500
Gravel · Off grid
3.7Jul 27, 2026$12,1003,2903,9474.8 mi
78
MI-202106
Dirt · Power at road
2.8Jun 19, 2025$14,0005,0616,2232.2 mi
75
MI-291167
Dirt · Power at road
1.4Oct 27, 2023$4,4003,1744,1052.3 mi
71
MI-800205
Gravel · Off grid
0.7Feb 4, 2026$2,7003,9264,6634.5 mi
70
MI-262896
Gravel · Off grid
4.9Dec 7, 2024$13,8002,8133,6472.1 mi
65
Show adjustment detail for the top comp
  • Access (Paved → Gravel)-15.3%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (2 mo)+0.6%

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.