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Menominee County, MI · Sold

MI-222391

5240 County Road 356

$9,000
$2,655/ac · 3.39 ac
Acreage3.39 ac
Price per acre$2,655/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedMar 18, 2025
Coordinates45.5272, -87.5953
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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

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

View Menominee market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
50
Moderate risk
Wetlands16.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power7,390 ft away

A long utility run — price in solar/off-grid instead.

Buildable area2.70 of 3.39 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$7,487
$5,786$9,188 · $2,209/ac on 3.39 ac
Asking vs estimate
+20.2%
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 $9,000
Maximum allowable offer
$4,278
$1,262/ac · +30.0% target margin

You need $4,722 off asking to hit this margin.

All-in cost$4,642
Net resale$6,888
Projected profit$2,246
ROI+48.4%
Annualized+69.3%
Break-even resale$1,488/ac
Profit if resale lands off target
-20%
$869
-10%
$1,558
0%
$2,246
+10%
$2,935
+20%
$3,624
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-562856
Dirt · Off grid
4.8Jul 27, 2026$15,2003,2052,5734.1 mi
82
MI-220894
Gravel · Full utilities
1.1Jul 27, 2026$4,1003,5811,6639.8 mi
67
MI-114333
Dirt · Off grid
13.8Mar 6, 2025$34,1002,4602,2515.6 mi
63
MI-573718
Paved · Power at road
8.9Jun 20, 2024$26,1002,9441,6512.2 mi
61
MI-104247
Dirt · Power at road
13.0Sep 21, 2025$54,0004,1503,1395.9 mi
60
MI-360300
Paved · Off grid
0.8Mar 13, 2025$2,3003,0181,7964.2 mi
59
MI-544175
Gravel · Power at road
12.3Jul 29, 2024$42,4003,4312,3246.2 mi
55
Show adjustment detail for the top comp
  • Tract size (4.75 ac → 3.39 ac)+1.3%
  • Access (Dirt → Landlocked)-20.9%

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.