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Menominee County, MI · Sold

MI-104247

8960 County Road 77

$57,200
$4,397/ac · 13.01 ac
Acreage13.01 ac
Price per acre$4,397/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedAug 13, 2024
Coordinates45.4430, -87.6187
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

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

View Menominee market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
5
Low risk
Wetlands4.5% of tract

Little to no mapped wetland coverage.

Average slope5.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

271 ft of deeded road frontage.

Power16 ft away

Power at or near the road.

Buildable area11.80 of 13.01 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$42,054
$33,582$50,526 · $3,232/ac on 13.01 ac
Asking vs estimate
+36.0%
Priced above the comp set

Weighted from 8 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 $57,200
Maximum allowable offer
$24,031
$1,847/ac · +30.0% target margin

You need $33,169 off asking to hit this margin.

All-in cost$26,074
Net resale$38,690
Projected profit$12,616
ROI+48.4%
Annualized+69.2%
Break-even resale$2,178/ac
Profit if resale lands off target
-20%
$4,878
-10%
$8,747
0%
$12,616
+10%
$16,485
+20%
$20,354
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-465312
Dirt · Power at road
28.1Apr 3, 2026$96,7003,4383,8444.7 mi
80
MI-945086
Paved · Power at road
23.9Mar 17, 2026$127,2005,3234,24210.4 mi
76
MI-544175
Gravel · Power at road
12.3Jul 29, 2024$42,4003,4313,1883.1 mi
76
MI-562856
Dirt · Off grid
4.8Jul 27, 2026$15,2003,2053,5309.3 mi
75
MI-114333
Dirt · Off grid
13.8Mar 6, 2025$34,1002,4603,08911.5 mi
74
MI-674950
Dirt · Power at road
21.6Jul 14, 2024$58,4002,6983,11212.9 mi
69
MI-573718
Paved · Power at road
8.9Jun 20, 2024$26,1002,9442,2657.6 mi
67
MI-105200
Paved · Off grid
25.9Nov 3, 2024$56,3002,1712,17615.8 mi
57
Show adjustment detail for the top comp
  • Tract size (28.14 ac → 13.01 ac)+10.1%
  • Market time (4 mo)+1.5%

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.