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Menominee County, MI · Sold

MI-105200

2412 County Road 122

$57,300
$2,208/ac · 25.95 ac
Acreage25.95 ac
Price per acre$2,208/ac
ZoningUnzoned
Road accessPaved
UtilitiesOff grid
TopographyWooded
ListedMar 10, 2024
Coordinates45.6204, -87.4121
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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

4 items to verify before you offer.

Risk index
26
Low risk
Wetlands13.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,184 ft of deeded road frontage.

Power9,280 ft away

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

Buildable area21.37 of 25.95 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$97,215
$79,824$114,606 · $3,746/ac on 25.95 ac
Asking vs estimate
-41.1%
Priced below 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 $57,300
Maximum allowable offer
$55,551
$2,141/ac · +30.0% target margin

You need $1,749 off asking to hit this margin.

All-in cost$60,273
Net resale$89,438
Projected profit$29,165
ROI+48.4%
Annualized+69.3%
Break-even resale$2,525/ac
Profit if resale lands off target
-20%
$11,277
-10%
$20,221
0%
$29,165
+10%
$38,109
+20%
$47,053
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-945086
Paved · Power at road
23.9Mar 17, 2026$127,2005,3234,5488.7 mi
81
MI-465312
Dirt · Power at road
28.1Apr 3, 2026$96,7003,4384,12211.3 mi
78
MI-674950
Dirt · Power at road
21.6Jul 14, 2024$58,4002,6983,3364.0 mi
71
MI-114333
Dirt · Off grid
13.8Mar 6, 2025$34,1002,4603,3128.9 mi
65
MI-146627
Paved · Full utilities
73.0Nov 24, 2025$321,0004,3993,83912.0 mi
63
MI-104247
Dirt · Power at road
13.0Sep 21, 2025$54,0004,1504,61815.8 mi
62
MI-544175
Gravel · Power at road
12.3Jul 29, 2024$42,4003,4313,41814.1 mi
61
MI-573718
Paved · Power at road
8.9Jun 20, 2024$26,1002,9442,4288.8 mi
58
Show adjustment detail for the top comp
  • Tract size (23.89 ac → 25.95 ac)-1.2%
  • Utilities (Power at road → Off grid)-15.0%
  • 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.