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Schoolcraft County, MI · Sold

MI-718274

1942 County Road 387

$421,600
$1,752/ac · 241 ac
Acreage241 ac
Price per acre$1,752/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographyWooded
ListedMay 27, 2025
Coordinates45.9829, -86.1383
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

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

View Schoolcraft market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
35
Moderate risk
Wetlands9.3% of tract

Little to no mapped wetland coverage.

Average slope8.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power182 ft away

Power at or near the road.

Buildable area207.30 of 240.58 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$365,820
$304,585$427,055 · $1,521/ac on 241 ac
Asking vs estimate
+15.2%
Priced above 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 $421,600
Maximum allowable offer
$209,040
$869/ac · +30.0% target margin

You need $212,560 off asking to hit this margin.

All-in cost$226,808
Net resale$336,554
Projected profit$109,746
ROI+48.4%
Annualized+69.2%
Break-even resale$1,025/ac
Profit if resale lands off target
-20%
$42,435
-10%
$76,090
0%
$109,746
+10%
$143,401
+20%
$177,057
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-268279
Dirt · Off grid
241.4Jul 27, 2026$458,4001,8991,7722.1 mi
88
MI-408455
Landlocked · Full utilities
274.3Jul 4, 2026$481,3001,7551,5018.7 mi
83
MI-537869
Landlocked · Off grid
179.4Jun 29, 2025$248,8001,3871,5744.2 mi
80
MI-117673
Landlocked · Power at road
155.7Mar 19, 2025$224,3001,4411,3537.3 mi
76
MI-256974
Paved · Power at road
93.8Jul 27, 2026$411,4004,3851,9726.0 mi
73
MI-668548
Paved · Full utilities
293.4Jan 15, 2024$853,8002,9101,6139.2 mi
71
MI-629495
Landlocked · Off grid
582.6Jul 27, 2026$381,7006551,00311.9 mi
71
MI-697311
Gravel · Off grid
119.8Apr 26, 2026$277,0002,3131,5518.8 mi
70
MI-857054
Paved · Full utilities
99.4May 21, 2025$397,3003,9971,5682.8 mi
69
MI-187230
Dirt · Off grid
112.9Aug 4, 2025$175,0001,5501,2267.6 mi
69
Show adjustment detail for the top comp
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Off grid → Power at road)+17.6%

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.