MI-357354
5454 County Road 240
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Menominee County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.
View Menominee market data →Step 1 · Is this a deal?
4 items to verify before you offer.
Heavy wetland coverage — assume a delineation and permitting delay.
Gentle grade, straightforward to develop.
Inside the 100-year floodplain — insurance and elevation apply.
2,695 ft of deeded road frontage.
Service extension needed; get a utility quote.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 7 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $40,805 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| MI-978835 Gravel · Power at road | 361.2 | Jul 27, 2026 | $798,000 | 2,209 | 2,539 | 11.1 mi | 69 |
| MI-146627 Paved · Full utilities | 73.0 | Nov 24, 2025 | $321,000 | 4,399 | 2,355 | 8.6 mi | 69 |
| MI-848282 Landlocked · Off grid | 242.0 | Mar 6, 2025 | $240,200 | 992 | 1,859 | 4.8 mi | 68 |
| MI-358681 Gravel · Off grid | 323.1 | Jan 18, 2024 | $405,500 | 1,255 | 1,816 | 1.4 mi | 66 |
| MI-945086 Paved · Power at road | 23.9 | Mar 17, 2026 | $127,200 | 5,323 | 2,790 | 4.4 mi | 63 |
| MI-465312 Dirt · Power at road | 28.1 | Apr 3, 2026 | $96,700 | 3,438 | 2,529 | 7.9 mi | 62 |
| MI-105200 Paved · Off grid | 25.9 | Nov 3, 2024 | $56,300 | 2,171 | 1,431 | 4.5 mi | 57 |
Show adjustment detail for the top comp
- Tract size (361.21 ac → 123.54 ac)+34.9%
- Utilities (Power at road → Off grid)-15.0%
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.