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Montcalm County, MI · Sold

MI-478897

5839 County Road 131

$850,400
$2,251/ac · 378 ac
Acreage378 ac
Price per acre$2,251/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedMar 8, 2024
Coordinates43.2347, -85.2523
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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

2 items to verify before you offer.

Risk index
36
Moderate risk
Wetlands5.6% of tract

Little to no mapped wetland coverage.

Average slope2.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power9,056 ft away

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

Buildable area338.81 of 377.80 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$973,305
$775,161$1,171,449 · $2,576/ac on 378 ac
Asking vs estimate
-12.6%
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 $850,400
Maximum allowable offer
$556,175
$1,472/ac · +30.0% target margin

You need $294,225 off asking to hit this margin.

All-in cost$603,450
Net resale$895,441
Projected profit$291,991
ROI+48.4%
Annualized+69.2%
Break-even resale$1,736/ac
Profit if resale lands off target
-20%
$112,903
-10%
$202,447
0%
$291,991
+10%
$381,535
+20%
$471,079
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-628854
Gravel · Off grid
366.2May 1, 2026$948,0002,5891,7656.4 mi
89
MI-198488
Paved · Off grid
280.9Jul 27, 2026$1,338,8004,7662,5245.0 mi
87
MI-908964
Gravel · Power at road
396.6Jan 4, 2025$1,543,5003,8922,4378.0 mi
77
MI-588656
Landlocked · Off grid
317.3Aug 12, 2024$848,4002,6742,7544.0 mi
77
MI-368819
Landlocked · Off grid
357.0Oct 2, 2024$889,0002,4902,64110.7 mi
75
MI-567778
Gravel · Power at road
168.0Jul 13, 2026$714,9004,2561,9608.7 mi
70
MI-917304
Landlocked · Off grid
119.2Jul 18, 2025$351,4002,9492,2347.7 mi
69
MI-118215
Dirt · Power at road
230.5Sep 10, 2025$1,141,7004,9532,9979.3 mi
68
MI-769451
Dirt · Power at road
564.4Jul 3, 2024$2,310,9004,0953,38110.3 mi
63
MI-757645
Dirt · Off grid
152.5Dec 1, 2024$813,9005,3363,4967.7 mi
61
Show adjustment detail for the top comp
  • Tract size (366.21 ac → 377.8 ac)-0.9%
  • Access (Gravel → Landlocked)-32.0%
  • Market time (3 mo)+1.2%

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.