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Menominee County, MI · Sold

MI-114333

3298 County Road 229

$41,300
$2,982/ac · 13.85 ac
Acreage13.85 ac
Price per acre$2,982/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedOct 7, 2024
Coordinates45.6085, -87.5959
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

5 items to verify before you offer.

Risk index
38
Moderate risk
Wetlands18.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power9,154 ft away

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

Buildable area10.67 of 13.85 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$39,552
$30,719$48,385 · $2,856/ac on 13.85 ac
Asking vs estimate
+4.4%
In line with 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 $41,300
Maximum allowable offer
$22,601
$1,632/ac · +30.0% target margin

You need $18,699 off asking to hit this margin.

All-in cost$24,522
Net resale$36,388
Projected profit$11,866
ROI+48.4%
Annualized+69.3%
Break-even resale$1,925/ac
Profit if resale lands off target
-20%
$4,588
-10%
$8,227
0%
$11,866
+10%
$15,505
+20%
$19,143
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-104247
Dirt · Power at road
13.0Sep 21, 2025$54,0004,1503,63911.5 mi
77
MI-945086
Paved · Power at road
23.9Mar 17, 2026$127,2005,3233,5841.2 mi
76
MI-562856
Dirt · Off grid
4.8Jul 27, 2026$15,2003,2052,9824.8 mi
75
MI-465312
Dirt · Power at road
28.1Apr 3, 2026$96,7003,4383,2488.9 mi
72
MI-544175
Gravel · Power at road
12.3Jul 29, 2024$42,4003,4312,69311.7 mi
68
MI-674950
Dirt · Power at road
21.6Jul 14, 2024$58,4002,6982,6299.3 mi
66
MI-573718
Paved · Power at road
8.9Jun 20, 2024$26,1002,9441,9134.7 mi
66
MI-105200
Paved · Off grid
25.9Nov 3, 2024$56,3002,1711,8388.9 mi
64
Show adjustment detail for the top comp
  • Tract size (13.01 ac → 13.85 ac)-0.6%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (11 mo)+3.8%

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.