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Montcalm County, MI · Sold

MI-917304

161 County Road 150

$381,500
$3,202/ac · 119 ac
Acreage119 ac
Price per acre$3,202/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedJul 3, 2024
Coordinates43.2655, -85.1057
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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

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

View Montcalm market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
64
High risk
Wetlands36.1% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.3%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power2,980 ft away

Service extension needed; get a utility quote.

Buildable area72.33 of 119.15 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$403,648
$319,770$487,527 · $3,388/ac on 119 ac
Asking vs estimate
-5.5%
Priced below the comp set

Weighted from 10 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 $381,500
Maximum allowable offer
$230,656
$1,936/ac · +30.0% target margin

You need $150,844 off asking to hit this margin.

All-in cost$250,262
Net resale$371,356
Projected profit$121,095
ROI+48.4%
Annualized+69.2%
Break-even resale$2,283/ac
Profit if resale lands off target
-20%
$46,823
-10%
$83,959
0%
$121,095
+10%
$158,230
+20%
$195,366
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-567778
Gravel · Power at road
168.0Jul 13, 2026$714,9004,2562,7041.9 mi
81
MI-198488
Paved · Off grid
280.9Jul 27, 2026$1,338,8004,7663,4823.6 mi
80
MI-917161
Dirt · Off grid
107.4Nov 2, 2025$460,3004,2853,4095.2 mi
80
MI-628854
Gravel · Off grid
366.2May 1, 2026$948,0002,5892,4361.3 mi
76
MI-135653
Gravel · Power at road
36.0Jul 27, 2026$217,2006,0272,6904.4 mi
74
MI-907015
Gravel · Off grid
96.6Jan 24, 2025$565,7005,8544,0256.3 mi
73
MI-196007
Gravel · Power at road
46.6Jul 27, 2026$299,7006,4373,0127.9 mi
70
MI-118215
Dirt · Power at road
230.5Sep 10, 2025$1,141,7004,9534,1351.7 mi
70
MI-757645
Dirt · Off grid
152.5Dec 1, 2024$813,9005,3364,8239.0 mi
70
MI-908964
Gravel · Power at road
396.6Jan 4, 2025$1,543,5003,8923,3621.5 mi
65
Show adjustment detail for the top comp
  • Tract size (167.96 ac → 119.15 ac)+9.5%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (1 mo)+0.4%

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.