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Luce County, MI · Sold

MI-307976

4824 County Road 150

$600,600
$3,098/ac · 194 ac
Acreage194 ac
Price per acre$3,098/ac
ZoningResidential
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedAug 21, 2023
Coordinates46.5772, -85.4013
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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

3 items to verify before you offer.

Risk index
19
Low risk
Wetlands17.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,696 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area151.21 of 193.87 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$521,928
$375,788$668,068 · $2,692/ac on 194 ac
Asking vs estimate
+15.1%
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 $600,600
Maximum allowable offer
$298,245
$1,538/ac · +30.0% target margin

You need $302,355 off asking to hit this margin.

All-in cost$323,596
Net resale$480,174
Projected profit$156,578
ROI+48.4%
Annualized+69.2%
Break-even resale$1,814/ac
Profit if resale lands off target
-20%
$60,543
-10%
$108,561
0%
$156,578
+10%
$204,595
+20%
$252,613
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-787849
Landlocked · Full utilities
176.8Feb 5, 2026$422,0002,3873,0080.1 mi
85
MI-558261
Paved · Full utilities
238.3Sep 6, 2024$1,000,5004,1983,50612.6 mi
68
MI-536345
Gravel · Full utilities
59.5Jul 27, 2026$160,1002,6911,72911.8 mi
67
MI-679236
Landlocked · Off grid
483.0Mar 11, 2026$345,2007151,7228.2 mi
66
MI-479175
Landlocked · Full utilities
462.1Aug 12, 2024$912,3001,9743,48410.0 mi
59
Show adjustment detail for the top comp
  • Tract size (176.83 ac → 193.87 ac)-2.5%
  • Access (Landlocked → Dirt)+26.5%
  • Market time (6 mo)+2.2%

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.