Newaygo County, MI · Sold

MI-859629

2583 County Road 237

$2,312,400

$3,602/ac · 642 ac

Offer report Market this tract

Acreage642 ac

Price per acre$3,602/ac

ZoningMixed Use

Road accessPaved

UtilitiesPower at road

TopographyRolling

ListedApr 6, 2026

Coordinates43.5446, -85.8267

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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

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

View Newaygo market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index

Low risk

Wetlands8.1% of tract

Little to no mapped wetland coverage.

Average slope5.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power172 ft away

Power at or near the road.

Buildable area560.52 of 642.03 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,795,274

$1,416,879 – $2,173,668 · $2,796/ac on 642 ac

Asking vs estimate

+28.8%

Priced above the comp set

Weighted from 9 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 $2,312,400

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$1,025,871

$1,598/ac · +30.0% target margin

You need $1,286,529 off asking to hit this margin.

All-in cost$1,113,070

Net resale$1,651,652

Projected profit$538,582

ROI+48.4%

Annualized+69.2%

Break-even resale$1,884/ac

Profit if resale lands off target

-20%

$208,251

-10%

$373,417

$538,582

+10%

$703,747

+20%

$868,912

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MI-219608 Gravel · Full utilities	632.3	Jan 30, 2026	$2,092,500	3,309	3,258	5.6 mi	85
MI-718618 Paved · Off grid	308.7	Jul 27, 2026	$697,800	2,261	2,141	6.4 mi	76
MI-657908 Landlocked · Off grid	184.6	Jul 27, 2026	$306,900	1,663	2,361	1.2 mi	76
MI-159659 Gravel · Off grid	656.1	Jun 2, 2024	$1,129,300	1,721	2,628	7.4 mi	71
MI-598285 Dirt · Off grid	242.5	Jul 27, 2026	$689,100	2,842	3,444	4.7 mi	71
MI-699111 Dirt · Off grid	441.1	Jan 1, 2025	$709,200	1,608	2,474	5.5 mi	68
MI-488021 Paved · Off grid	200.3	Jan 18, 2026	$492,300	2,458	2,102	4.9 mi	67
MI-838627 Dirt · Off grid	310.7	Jan 21, 2024	$853,400	2,747	3,953	5.2 mi	65
MI-978140 Landlocked · Power at road	218.3	Aug 13, 2024	$454,200	2,080	2,846	0.9 mi	64

Show adjustment detail for the top comp

Access (Gravel → Paved)+18.0%
Utilities (Full utilities → Power at road)-18.0%
Market time (6 mo)+2.3%

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.

Build the listing kit Post a deal or JV