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Marquette County, MI · Sold

MI-886804

147 County Road 38

$127,600
$1,538/ac · 82.94 ac
Acreage82.94 ac
Price per acre$1,538/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedApr 3, 2024
Coordinates46.5616, -87.5620
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

Marquette County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.

View Marquette market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
8
Low risk
Wetlands8.6% of tract

Little to no mapped wetland coverage.

Average slope5.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,938 ft of deeded road frontage.

Power137 ft away

Power at or near the road.

Buildable area72.02 of 82.94 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$201,300
$178,377$224,224 · $2,427/ac on 82.94 ac
Asking vs estimate
-36.6%
Priced below 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 $127,600
Maximum allowable offer
$115,029
$1,387/ac · +30.0% target margin

You need $12,571 off asking to hit this margin.

All-in cost$124,806
Net resale$185,196
Projected profit$60,390
ROI+48.4%
Annualized+69.2%
Break-even resale$1,636/ac
Profit if resale lands off target
-20%
$23,350
-10%
$41,870
0%
$60,390
+10%
$78,909
+20%
$97,429
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-416994
Dirt · Off grid
95.2Jul 27, 2026$167,4001,7592,1443.6 mi
87
MI-806791
Dirt · Power at road
82.2Jul 27, 2026$176,9002,1532,15312.7 mi
86
MI-896896
Gravel · Off grid
88.7Nov 28, 2025$244,2002,7542,9164.5 mi
79
MI-935829
Landlocked · Full utilities
40.9Jul 27, 2026$105,4002,5762,3063.3 mi
76
MI-587417
Gravel · Power at road
129.3Sep 8, 2025$355,6002,7502,74412.5 mi
69
MI-907370
Gravel · Full utilities
125.0Sep 26, 2024$354,3002,8352,38711.6 mi
68
MI-998505
Dirt · Power at road
284.4May 6, 2026$490,7001,7262,42213.7 mi
66
Show adjustment detail for the top comp
  • Tract size (95.18 ac → 82.94 ac)+3.3%
  • 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.