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Luce County, MI · Sold

MI-183562

1205 County Road 36

$39,000
$4,924/ac · 7.92 ac
Acreage7.92 ac
Price per acre$4,924/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedJul 8, 2024
Coordinates46.5717, -85.5541
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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
8
Low risk
Wetlands0.3% of tract

Little to no mapped wetland coverage.

Average slope2.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

496 ft of deeded road frontage.

Power9,322 ft away

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

Buildable area7.50 of 7.92 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$29,006
$24,411$33,601 · $3,662/ac on 7.92 ac
Asking vs estimate
+34.5%
Priced above 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 $39,000
Maximum allowable offer
$16,575
$2,093/ac · +30.0% target margin

You need $22,425 off asking to hit this margin.

All-in cost$17,984
Net resale$26,686
Projected profit$8,702
ROI+48.4%
Annualized+69.2%
Break-even resale$2,468/ac
Profit if resale lands off target
-20%
$3,365
-10%
$6,033
0%
$8,702
+10%
$11,370
+20%
$14,039
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-162862
Gravel · Full utilities
4.8Jul 20, 2026$26,6005,5773,7906.4 mi
83
MI-652500
Gravel · Off grid
3.7Jul 27, 2026$12,1003,2903,1741.1 mi
81
MI-894224
Dirt · Off grid
12.8Jul 27, 2026$38,6003,0173,6553.7 mi
80
MI-243570
Paved · Full utilities
8.0Dec 5, 2024$43,3005,4383,4417.4 mi
73
MI-262896
Gravel · Off grid
4.9Dec 7, 2024$13,8002,8132,9335.7 mi
71
MI-934086
Gravel · Full utilities
11.6Apr 11, 2024$57,1004,9283,8852.3 mi
71
MI-202106
Dirt · Power at road
2.8Jun 19, 2025$14,0005,0615,0066.9 mi
61
Show adjustment detail for the top comp
  • Tract size (4.77 ac → 7.92 ac)-2.7%
  • Utilities (Full utilities → Off grid)-30.3%

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.