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Luce County, MI · Sold

MI-291167

3570 County Road 297

$4,400
$3,143/ac · 1.40 ac
Acreage1.40 ac
Price per acre$3,143/ac
ZoningRecreational
Road accessDirt
UtilitiesPower at road
TopographySloped
ListedSep 10, 2023
Coordinates46.4865, -85.5583
Loading terrain…
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
21
Low risk
Wetlands1.8% of tract

Little to no mapped wetland coverage.

Average slope23.2%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

206 ft of deeded road frontage.

Power30 ft away

Power at or near the road.

Buildable area0.82 of 1.40 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$5,834
$4,828$6,839 · $4,167/ac on 1.40 ac
Asking vs estimate
-24.6%
Priced below the comp set

Weighted from 8 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 $4,400
Maximum allowable offer
$3,333
$2,381/ac · +30.0% target margin

You need $1,067 off asking to hit this margin.

All-in cost$3,616
Net resale$5,367
Projected profit$1,751
ROI+48.4%
Annualized+69.3%
Break-even resale$2,808/ac
Profit if resale lands off target
-20%
$677
-10%
$1,214
0%
$1,751
+10%
$2,287
+20%
$2,824
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-871752
Dirt · Off grid
2.1Jul 27, 2026$6,9003,2263,8324.3 mi
82
MI-221574
Paved · Off grid
1.9Jun 28, 2026$11,2005,9425,1484.6 mi
80
MI-871598
Gravel · Power at road
1.9Jun 1, 2025$8,4004,4204,0142.3 mi
76
MI-202106
Dirt · Power at road
2.8Jun 19, 2025$14,0005,0615,3801.1 mi
74
MI-652500
Gravel · Off grid
3.7Jul 27, 2026$12,1003,2903,4125.0 mi
71
MI-800205
Gravel · Off grid
0.7Feb 4, 2026$2,7003,9264,0316.6 mi
69
MI-162862
Gravel · Full utilities
4.8Jul 20, 2026$26,6005,5774,0745.1 mi
69
MI-262896
Gravel · Off grid
4.9Dec 7, 2024$13,8002,8133,1524.2 mi
58
Show adjustment detail for the top comp
  • Tract size (2.13 ac → 1.4 ac)+0.7%
  • 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.