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Luce County, MI · Sold

MI-679236

1093 County Road 293

$374,400
$775/ac · 483 ac
Acreage483 ac
Price per acre$775/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedMay 12, 2025
Coordinates46.4608, -85.4303
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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

4 items to verify before you offer.

Risk index
58
High risk
Wetlands3.2% of tract

Little to no mapped wetland coverage.

Average slope29.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power14,502 ft away

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

Buildable area280.50 of 482.96 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$609,727
$475,628$743,826 · $1,262/ac on 483 ac
Asking vs estimate
-38.6%
Priced below 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 $374,400
Maximum allowable offer
$348,416
$721/ac · +30.0% target margin

You need $25,984 off asking to hit this margin.

All-in cost$378,031
Net resale$560,949
Projected profit$182,918
ROI+48.4%
Annualized+69.2%
Break-even resale$851/ac
Profit if resale lands off target
-20%
$70,728
-10%
$126,823
0%
$182,918
+10%
$239,013
+20%
$295,108
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-479175
Landlocked · Full utilities
462.1Aug 12, 2024$912,3001,9741,4722.1 mi
78
MI-787849
Landlocked · Full utilities
176.8Feb 5, 2026$422,0002,3871,2718.0 mi
73
MI-536345
Gravel · Full utilities
59.5Jul 27, 2026$160,1002,6917314.4 mi
68
MI-558261
Paved · Full utilities
238.3Sep 6, 2024$1,000,5004,1981,4827.6 mi
65
MI-307976
Dirt · Full utilities
193.9Dec 3, 2023$556,2002,8691,3508.2 mi
56
Show adjustment detail for the top comp
  • Tract size (462.09 ac → 482.96 ac)-1.3%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (24 mo)+8.4%

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.