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Marquette County, MI · Sold

MI-285032

1231 County Road 280

$45,500
$1,980/ac · 22.98 ac
Acreage22.98 ac
Price per acre$1,980/ac
ZoningRecreational
Road accessLandlocked
UtilitiesFull utilities
TopographyRolling
ListedAug 8, 2024
Coordinates46.7184, -87.7056
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

2 items to verify before you offer.

Risk index
33
Moderate risk
Wetlands2.8% of tract

Little to no mapped wetland coverage.

Average slope11.2%

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 area21.22 of 22.98 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$67,790
$62,366$73,213 · $2,950/ac on 22.98 ac
Asking vs estimate
-32.9%
Priced below 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 $45,500
Maximum allowable offer
$38,737
$1,686/ac · +30.0% target margin

You need $6,763 off asking to hit this margin.

All-in cost$42,030
Net resale$62,366
Projected profit$20,337
ROI+48.4%
Annualized+69.2%
Break-even resale$1,988/ac
Profit if resale lands off target
-20%
$7,863
-10%
$14,100
0%
$20,337
+10%
$26,573
+20%
$32,810
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-605010
Landlocked · Power at road
22.6Jul 27, 2026$52,6002,3282,8406.1 mi
88
MI-935829
Landlocked · Full utilities
40.9Jul 27, 2026$105,4002,5762,8349.9 mi
78
MI-744190
Dirt · Off grid
12.5Oct 22, 2024$31,0002,4832,8263.5 mi
65
MI-944621
Gravel · Off grid
17.1Jun 28, 2024$54,1003,1703,24511.2 mi
65
MI-703877
Gravel · Off grid
9.9Jan 7, 2025$32,1003,2243,0699.1 mi
64
Show adjustment detail for the top comp
  • Utilities (Power at road → Full utilities)+22.0%

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.