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Sanilac County, MI · Sold

MI-477241

1136 County Road 154

$242,600
$2,131/ac · 114 ac
Acreage114 ac
Price per acre$2,131/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedApr 22, 2024
Coordinates43.5063, -82.5759
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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

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

View Sanilac market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
53
Moderate risk
Wetlands34.7% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope0.9%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power9,602 ft away

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

Buildable area70.61 of 113.83 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$287,112
$230,564$343,659 · $2,522/ac on 114 ac
Asking vs estimate
-15.5%
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 $242,600
Maximum allowable offer
$164,064
$1,441/ac · +30.0% target margin

You need $78,536 off asking to hit this margin.

All-in cost$178,009
Net resale$264,143
Projected profit$86,133
ROI+48.4%
Annualized+69.2%
Break-even resale$1,700/ac
Profit if resale lands off target
-20%
$33,305
-10%
$59,719
0%
$86,133
+10%
$112,548
+20%
$138,962
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-806783
Paved · Power at road
81.7Dec 4, 2025$422,3005,1693,0404.4 mi
75
MI-627701
Paved · Power at road
158.8Dec 3, 2025$438,9002,7631,9224.3 mi
75
MI-677557
Dirt · Full utilities
143.1Sep 4, 2024$380,0002,6552,1245.3 mi
73
MI-486841
Gravel · Full utilities
85.2Feb 16, 2024$311,7003,6582,2569.7 mi
69
MI-846108
Gravel · Power at road
50.1Jun 1, 2025$153,0003,0541,9456.9 mi
68
MI-206520
Landlocked · Power at road
67.5Dec 18, 2023$204,7003,0313,2002.6 mi
65
MI-556106
Gravel · Full utilities
50.0Jan 8, 2026$289,1005,7812,9449.4 mi
65
MI-598617
Gravel · Full utilities
308.4Feb 17, 2024$1,021,5003,3122,8836.2 mi
57
Show adjustment detail for the top comp
  • Tract size (81.69 ac → 113.83 ac)-7.8%
  • Access (Paved → Dirt)-27.1%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (8 mo)+2.9%

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.