MI-202106
5038 County Road 145
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Luce County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.
View Luce market data →Step 1 · Is this a deal?
4 items to verify before you offer.
Partial wetlands. Verify the delineated build envelope.
Gentle grade, straightforward to develop.
Inside the 100-year floodplain — insurance and elevation apply.
Access by easement; pull and read the recorded document.
Power at or near the road.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 9 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $9,159 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| MI-871752 Dirt · Off grid | 2.1 | Jul 27, 2026 | $6,900 | 3,226 | 3,780 | 5.3 mi | 88 |
| MI-652500 Gravel · Off grid | 3.7 | Jul 27, 2026 | $12,100 | 3,290 | 3,366 | 5.9 mi | 80 |
| MI-221574 Paved · Off grid | 1.9 | Jun 28, 2026 | $11,200 | 5,942 | 5,079 | 5.3 mi | 78 |
| MI-162862 Gravel · Full utilities | 4.8 | Jul 20, 2026 | $26,600 | 5,577 | 4,019 | 5.1 mi | 76 |
| MI-871598 Gravel · Power at road | 1.9 | Jun 1, 2025 | $8,400 | 4,420 | 3,960 | 2.2 mi | 74 |
| MI-291167 Dirt · Power at road | 1.4 | Oct 27, 2023 | $4,400 | 3,174 | 3,500 | 1.1 mi | 68 |
| MI-262896 Gravel · Off grid | 4.9 | Dec 7, 2024 | $13,800 | 2,813 | 3,110 | 4.3 mi | 66 |
| MI-243570 Paved · Full utilities | 8.0 | Dec 5, 2024 | $43,300 | 5,438 | 3,648 | 0.9 mi | 63 |
| MI-183562 Gravel · Off grid | 7.9 | Apr 29, 2025 | $32,200 | 4,067 | 4,547 | 6.9 mi | 60 |
Show adjustment detail for the top comp
- Tract size (2.13 ac → 2.76 ac)-0.6%
- Utilities (Off grid → Power at road)+17.6%
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.