Oakland County, MI · Sold

MI-787288

189 County Road 289

$301,300

$2,558/ac · 118 ac

Offer report Market this tract

Acreage118 ac

Price per acre$2,558/ac

ZoningAgricultural

Road accessGravel

UtilitiesPower at road

TopographySloped

ListedFeb 14, 2025

Coordinates42.6643, -83.4445

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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

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

View Oakland market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index

Low risk

Wetlands5.8% of tract

Little to no mapped wetland coverage.

Average slope31.2%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,209 ft of deeded road frontage.

Power224 ft away

Power at or near the road.

Buildable area66.56 of 117.77 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$381,815

$322,424 – $441,207 · $3,242/ac on 118 ac

Asking vs estimate

-21.1%

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 $301,300

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$218,180

$1,853/ac · +30.0% target margin

You need $83,120 off asking to hit this margin.

All-in cost$236,725

Net resale$351,270

Projected profit$114,545

ROI+48.4%

Annualized+69.2%

Break-even resale$2,185/ac

Profit if resale lands off target

-20%

$44,291

-10%

$79,418

$114,545

+10%

$149,672

+20%

$184,799

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MI-587276 Paved · Power at road	116.8	Sep 28, 2025	$475,900	4,077	3,575	6.7 mi	80
MI-426714 Dirt · Full utilities	77.7	May 16, 2026	$255,700	3,290	2,864	7.9 mi	75
MI-878832 Landlocked · Power at road	360.4	Jul 27, 2026	$535,700	1,486	2,990	2.4 mi	74
MI-165719 Dirt · Off grid	37.8	Jul 27, 2026	$103,500	2,738	2,925	6.3 mi	73
MI-266761 Landlocked · Full utilities	80.4	Jul 5, 2025	$199,100	2,477	2,847	2.8 mi	72
MI-116073 Dirt · Off grid	48.8	Jul 27, 2026	$142,100	2,909	3,262	7.5 mi	71
MI-635983 Dirt · Power at road	45.8	Oct 12, 2025	$210,200	4,593	4,465	9.0 mi	70
MI-888591 Landlocked · Full utilities	302.7	Nov 30, 2025	$598,200	1,976	3,181	6.5 mi	66
MI-206410 Dirt · Full utilities	62.4	Aug 10, 2024	$186,700	2,995	2,664	5.0 mi	63
MI-828727 Gravel · Full utilities	334.0	Dec 2, 2023	$1,003,800	3,005	3,661	0.6 mi	62

Show adjustment detail for the top comp

Access (Paved → Gravel)-15.3%
Market time (11 mo)+3.7%

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