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Menominee County, MI · Sold

MI-465312

7383 County Road 188

$101,300
$3,600/ac · 28.14 ac
Acreage28.14 ac
Price per acre$3,600/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographySloped
ListedOct 31, 2025
Coordinates45.4850, -87.5417
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

2 items to verify before you offer.

Risk index
17
Low risk
Wetlands6.6% of tract

Little to no mapped wetland coverage.

Average slope15.6%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,106 ft of deeded road frontage.

Power87 ft away

Power at or near the road.

Buildable area21.03 of 28.14 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$84,342
$65,221$103,464 · $2,997/ac on 28.14 ac
Asking vs estimate
+20.1%
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 $101,300
Maximum allowable offer
$48,195
$1,713/ac · +30.0% target margin

You need $53,105 off asking to hit this margin.

All-in cost$52,292
Net resale$77,595
Projected profit$25,303
ROI+48.4%
Annualized+69.3%
Break-even resale$2,020/ac
Profit if resale lands off target
-20%
$9,784
-10%
$17,544
0%
$25,303
+10%
$33,063
+20%
$40,822
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-945086
Paved · Power at road
23.9Mar 17, 2026$127,2005,3233,8527.7 mi
84
MI-674950
Dirt · Power at road
21.6Jul 14, 2024$58,4002,6982,8258.1 mi
76
MI-104247
Dirt · Power at road
13.0Sep 21, 2025$54,0004,1503,9114.7 mi
76
MI-105200
Paved · Off grid
25.9Nov 3, 2024$56,3002,1711,97611.3 mi
69
MI-146627
Paved · Full utilities
73.0Nov 24, 2025$321,0004,3993,2510.7 mi
69
MI-114333
Dirt · Off grid
13.8Mar 6, 2025$34,1002,4602,8058.9 mi
65
MI-544175
Gravel · Power at road
12.3Jul 29, 2024$42,4003,4312,8953.0 mi
64
MI-573718
Paved · Power at road
8.9Jun 20, 2024$26,1002,9442,0574.3 mi
59
Show adjustment detail for the top comp
  • Tract size (23.89 ac → 28.14 ac)-2.4%
  • Access (Paved → Dirt)-27.1%
  • Market time (5 mo)+1.7%

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.