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Menominee County, MI · Sold

MI-146627

4794 County Road 359

$327,200
$4,485/ac · 72.96 ac
Acreage72.96 ac
Price per acre$4,485/ac
ZoningRecreational
Road accessPaved
UtilitiesFull utilities
TopographyRolling
ListedDec 10, 2024
Coordinates45.4756, -87.5492
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
6
Low risk
Wetlands8.5% of tract

Little to no mapped wetland coverage.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,810 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area63.42 of 72.96 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$292,344
$225,039$359,649 · $4,007/ac on 72.96 ac
Asking vs estimate
+11.9%
Priced above the comp set

Weighted from 6 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 $327,200
Maximum allowable offer
$167,054
$2,290/ac · +30.0% target margin

You need $160,146 off asking to hit this margin.

All-in cost$181,254
Net resale$268,956
Projected profit$87,703
ROI+48.4%
Annualized+69.2%
Break-even resale$2,700/ac
Profit if resale lands off target
-20%
$33,911
-10%
$60,807
0%
$87,703
+10%
$114,598
+20%
$141,494
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-465312
Dirt · Power at road
28.1Apr 3, 2026$96,7003,4384,8670.7 mi
72
MI-945086
Paved · Power at road
23.9Mar 17, 2026$127,2005,3235,3718.2 mi
68
MI-848282
Landlocked · Off grid
242.0Mar 6, 2025$240,2009923,5784.6 mi
64
MI-357354
Gravel · Off grid
123.5Sep 2, 2024$190,3001,5413,2088.6 mi
63
MI-105200
Paved · Off grid
25.9Nov 3, 2024$56,3002,1712,75512.0 mi
58
MI-674950
Dirt · Power at road
21.6Jul 14, 2024$58,4002,6983,9398.8 mi
54
Show adjustment detail for the top comp
  • Tract size (28.14 ac → 72.96 ac)-16.7%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Power at road → Full utilities)+22.0%
  • 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.