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Luce County, MI · Sold

MI-243570

4567 County Road 250

$45,100
$5,659/ac · 7.97 ac
Acreage7.97 ac
Price per acre$5,659/ac
ZoningAgricultural
Road accessPaved
UtilitiesFull utilities
TopographyFlat
ListedDec 8, 2023
Coordinates46.4653, -85.5327
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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

3 items to verify before you offer.

Risk index
27
Low risk
Wetlands26.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.7%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

367 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area5.54 of 7.97 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$51,342
$42,978$59,706 · $6,442/ac on 7.97 ac
Asking vs estimate
-12.2%
Priced below 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 $45,100
Maximum allowable offer
$29,338
$3,681/ac · +30.0% target margin

You need $15,762 off asking to hit this margin.

All-in cost$31,832
Net resale$47,234
Projected profit$15,403
ROI+48.4%
Annualized+69.3%
Break-even resale$4,341/ac
Profit if resale lands off target
-20%
$5,956
-10%
$10,679
0%
$15,403
+10%
$20,126
+20%
$24,850
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-894224
Dirt · Off grid
12.8Jul 27, 2026$38,6003,0176,1889.3 mi
80
MI-162862
Gravel · Full utilities
4.8Jul 20, 2026$26,6005,5776,4174.8 mi
79
MI-652500
Gravel · Off grid
3.7Jul 27, 2026$12,1003,2905,3746.4 mi
77
MI-183562
Gravel · Off grid
7.9Apr 29, 2025$32,2004,0677,2617.4 mi
75
MI-262896
Gravel · Off grid
4.9Dec 7, 2024$13,8002,8134,9664.1 mi
67
MI-934086
Gravel · Full utilities
11.6Apr 11, 2024$57,1004,9286,5777.9 mi
66
MI-202106
Dirt · Power at road
2.8Jun 19, 2025$14,0005,0618,4740.9 mi
65
Show adjustment detail for the top comp
  • Tract size (12.8 ac → 7.97 ac)+3.9%
  • Access (Dirt → Paved)+37.2%
  • 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.