Marquette County, MI · Sold

MI-998505

5494 County Road 51

$458,200

$1,611/ac · 284 ac

Offer report Market this tract

Acreage284 ac

Price per acre$1,611/ac

ZoningAgricultural

Road accessDirt

UtilitiesPower at road

TopographyRolling

ListedJun 12, 2025

Coordinates46.7409, -87.6877

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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

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

View Marquette market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index

Low risk

Wetlands7.6% of tract

Little to no mapped wetland coverage.

Average slope12.3%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,552 ft of deeded road frontage.

Power237 ft away

Power at or near the road.

Buildable area210.23 of 284.40 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$454,504

$382,876 – $526,132 · $1,598/ac on 284 ac

Asking vs estimate

+0.8%

In line with the comp set

Weighted from 10 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 $458,200

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$259,716

$913/ac · +30.0% target margin

You need $198,484 off asking to hit this margin.

All-in cost$281,792

Net resale$418,144

Projected profit$136,352

ROI+48.4%

Annualized+69.3%

Break-even resale$1,077/ac

Profit if resale lands off target

-20%

$52,723

-10%

$94,537

$136,352

+10%

$178,166

+20%

$219,980

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MI-198627 Dirt · Off grid	310.7	Jul 21, 2025	$340,300	1,095	1,381	1.1 mi	82
MI-179257 Dirt · Power at road	490.4	May 19, 2026	$548,700	1,119	1,328	9.7 mi	77
MI-806791 Dirt · Power at road	82.2	Jul 27, 2026	$176,900	2,153	1,551	4.8 mi	73
MI-587417 Gravel · Power at road	129.3	Sep 8, 2025	$355,600	2,750	1,977	1.3 mi	71
MI-449730 Dirt · Power at road	690.8	Dec 4, 2024	$822,800	1,191	1,664	7.3 mi	69
MI-416994 Dirt · Off grid	95.2	Jul 27, 2026	$167,400	1,759	1,545	15.5 mi	67
MI-907370 Gravel · Full utilities	125.0	Sep 26, 2024	$354,300	2,835	1,720	3.1 mi	63
MI-979652 Landlocked · Power at road	652.8	Oct 28, 2024	$564,900	865	1,509	7.8 mi	62
MI-896896 Gravel · Off grid	88.7	Nov 28, 2025	$244,200	2,754	2,101	9.4 mi	61
MI-886804 Dirt · Power at road	82.9	Dec 24, 2024	$137,000	1,652	1,273	13.7 mi	58

Show adjustment detail for the top comp

Tract size (310.68 ac → 284.4 ac)+2.6%
Utilities (Off grid → Power at road)+17.6%
Market time (13 mo)+4.5%

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.

Build the listing kit Post a deal or JV