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Luce County, MI · Sold

MI-787849

9102 County Road 169

$453,800
$2,566/ac · 177 ac
Acreage177 ac
Price per acre$2,566/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesFull utilities
TopographySloped
ListedNov 30, 2025
Coordinates46.5756, -85.4025
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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

2 items to verify before you offer.

Risk index
34
Moderate risk
Wetlands5.8% of tract

Little to no mapped wetland coverage.

Average slope10.0%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area158.25 of 176.83 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$387,284
$278,844$495,724 · $2,190/ac on 177 ac
Asking vs estimate
+17.2%
Priced above 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 $453,800
Maximum allowable offer
$221,305
$1,252/ac · +30.0% target margin

You need $232,495 off asking to hit this margin.

All-in cost$240,116
Net resale$356,301
Projected profit$116,185
ROI+48.4%
Annualized+69.2%
Break-even resale$1,476/ac
Profit if resale lands off target
-20%
$44,925
-10%
$80,555
0%
$116,185
+10%
$151,816
+20%
$187,446
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-307976
Dirt · Full utilities
193.9Dec 3, 2023$556,2002,8692,5910.1 mi
76
MI-679236
Landlocked · Off grid
483.0Mar 11, 2026$345,2007151,3978.0 mi
73
MI-536345
Gravel · Full utilities
59.5Jul 27, 2026$160,1002,6911,40311.6 mi
73
MI-558261
Paved · Full utilities
238.3Sep 6, 2024$1,000,5004,1982,84412.5 mi
71
MI-479175
Landlocked · Full utilities
462.1Aug 12, 2024$912,3001,9742,8259.8 mi
61
Show adjustment detail for the top comp
  • Tract size (193.87 ac → 176.83 ac)+2.6%
  • Access (Dirt → Landlocked)-20.9%
  • Market time (32 mo)+11.4%

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.