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Marquette County, MI · Sold

MI-130752

5023 County Road 117

$3,800
$3,689/ac · 1.03 ac
Acreage1.03 ac
Price per acre$3,689/ac
ZoningResidential
Road accessLandlocked
UtilitiesFull utilities
TopographyMixed
ListedApr 25, 2026
Coordinates46.5608, -87.6115
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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

1 item to verify before you offer.

Risk index
29
Low risk
Wetlands4.3% of tract

Little to no mapped wetland coverage.

Average slope5.5%

Gentle grade, straightforward to develop.

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 area0.94 of 1.03 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,098
$2,522$3,673 · $3,007/ac on 1.03 ac
Asking vs estimate
+22.7%
Priced above 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 $3,800
Maximum allowable offer
$1,770
$1,719/ac · +30.0% target margin

You need $2,030 off asking to hit this margin.

All-in cost$1,920
Net resale$2,850
Projected profit$929
ROI+48.4%
Annualized+69.3%
Break-even resale$2,027/ac
Profit if resale lands off target
-20%
$359
-10%
$644
0%
$929
+10%
$1,214
+20%
$1,499
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-181115
Gravel · Power at road
1.4Jul 27, 2026$3,8002,8082,3420.4 mi
84
MI-361039
Dirt · Full utilities
1.3Dec 26, 2025$4,9003,8693,1492.5 mi
81
MI-981148
Gravel · Off grid
1.4Jul 27, 2026$5,5003,9603,8878.9 mi
78
MI-731430
Gravel · Power at road
1.7May 8, 2026$4,6002,7402,3155.1 mi
76
MI-980275
Dirt · Power at road
0.7Dec 14, 2024$2,5003,4833,5841.6 mi
76
MI-510320
Paved · Power at road
0.8Jan 6, 2024$2,8003,7462,9145.2 mi
67
MI-512338
Dirt · Off grid
3.3Jan 25, 2026$7,8002,4052,85612.8 mi
60
Show adjustment detail for the top comp
  • Access (Gravel → Landlocked)-32.0%
  • 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.