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Newaygo County, MI · Sold

MI-624530

7272 County Road 12

$49,200
$3,081/ac · 15.97 ac
Acreage15.97 ac
Price per acre$3,081/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesFull utilities
TopographyRolling
ListedMar 21, 2024
Coordinates43.5564, -85.8383
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

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

View Newaygo market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
39
Moderate risk
Wetlands12.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.7%

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.

PowerOn site

Power at or near the road.

Buildable area13.34 of 15.97 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$73,733
$62,355 – $85,110 · $4,617/ac on 15.97 ac
Asking vs estimate
-33.3%
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 $49,200
Maximum allowable offer
$42,133
$2,638/ac · +30.0% target margin

You need $7,067 off asking to hit this margin.

All-in cost$45,714
Net resale$67,834
Projected profit$22,120
ROI+48.4%
Annualized+69.3%
Break-even resale$3,111/ac
Profit if resale lands off target
-20%
$8,553
-10%
$15,337
0%
$22,120
+10%
$28,903
+20%
$35,687
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-305205
Landlocked · Off grid
26.0Mar 16, 2025$77,3002,9684,8355.0 mi
70
MI-583132
Dirt · Power at road
5.8Jul 27, 2026$36,2006,2405,5996.7 mi
69
MI-942911
Landlocked · Full utilities
4.9Dec 25, 2025$25,4005,1494,8694.4 mi
68
MI-253344
Gravel · Power at road
6.8May 21, 2026$33,7004,9783,9047.4 mi
68
MI-936181
Gravel · Off grid
52.8Jul 27, 2026$193,5003,6644,3515.5 mi
67
MI-625576
Gravel · Full utilities
34.1Nov 12, 2024$181,1005,3144,3385.5 mi
64
MI-663626
Gravel · Full utilities
8.3Jul 31, 2024$40,4004,8723,4116.6 mi
64
MI-955393
Gravel · Full utilities
29.8Mar 15, 2024$203,4006,8175,5855.7 mi
63
Show adjustment detail for the top comp
  • Tract size (26.04 ac → 15.97 ac)+6.5%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (19 mo)+6.5%

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.