← New search
Newaygo County, MI · Sold

MI-955393

5086 County Road 217

$195,400
$6,548/ac · 29.84 ac
Acreage29.84 ac
Price per acre$6,548/ac
ZoningAgricultural
Road accessGravel
UtilitiesFull utilities
TopographyFlat
ListedSep 8, 2023
Coordinates43.6205, -85.7664
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

No material red flags on the mapped layers.

Risk index
3
Low risk
Wetlands4.1% of tract

Little to no mapped wetland coverage.

Average slope0.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,174 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area27.19 of 29.84 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$169,544
$145,302$193,787 · $5,682/ac on 29.84 ac
Asking vs estimate
+15.3%
Priced above the comp set

Weighted from 5 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 $195,400
Maximum allowable offer
$96,883
$3,247/ac · +30.0% target margin

You need $98,517 off asking to hit this margin.

All-in cost$105,118
Net resale$155,981
Projected profit$50,863
ROI+48.4%
Annualized+69.2%
Break-even resale$3,829/ac
Profit if resale lands off target
-20%
$19,667
-10%
$35,265
0%
$50,863
+10%
$66,461
+20%
$82,059
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-936181
Gravel · Off grid
52.8Jul 27, 2026$193,5003,6645,8481.8 mi
81
MI-305205
Landlocked · Off grid
26.0Mar 16, 2025$77,3002,9686,5019.5 mi
76
MI-625576
Gravel · Full utilities
34.1Nov 12, 2024$181,1005,3145,8337.2 mi
76
MI-624530
Landlocked · Full utilities
16.0Oct 4, 2024$44,2002,7704,0375.7 mi
65
MI-746909
Landlocked · Power at road
89.5Jul 18, 2024$220,8002,4676,0054.1 mi
63
Show adjustment detail for the top comp
  • Tract size (52.82 ac → 29.84 ac)+11.0%
  • Utilities (Off grid → Full utilities)+43.5%

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.