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Schoolcraft County, MI · Sold

MI-537869

952 County Road 224

$254,100
$1,416/ac · 179 ac
Acreage179 ac
Price per acre$1,416/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyRolling
ListedFeb 9, 2025
Coordinates46.0333, -86.1873
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

5 items to verify before you offer.

Risk index
49
Moderate risk
Wetlands16.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power10,134 ft away

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

Buildable area143.17 of 179.41 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$254,809
$210,611$299,007 · $1,420/ac on 179 ac
Asking vs estimate
-0.3%
In line with 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 $254,100
Maximum allowable offer
$145,605
$812/ac · +30.0% target margin

You need $108,495 off asking to hit this margin.

All-in cost$157,981
Net resale$234,424
Projected profit$76,443
ROI+48.4%
Annualized+69.2%
Break-even resale$957/ac
Profit if resale lands off target
-20%
$29,558
-10%
$53,000
0%
$76,443
+10%
$99,885
+20%
$123,328
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-718274
Landlocked · Power at road
240.6May 5, 2026$419,9001,7451,6294.2 mi
86
MI-268279
Dirt · Off grid
241.4Jul 27, 2026$458,4001,8991,6353.5 mi
84
MI-117673
Landlocked · Power at road
155.7Mar 19, 2025$224,3001,4411,2483.8 mi
82
MI-408455
Landlocked · Full utilities
274.3Jul 4, 2026$481,3001,7551,3846.3 mi
80
MI-697311
Gravel · Off grid
119.8Apr 26, 2026$277,0002,3131,4315.6 mi
78
MI-256974
Paved · Power at road
93.8Jul 27, 2026$411,4004,3851,8201.9 mi
77
MI-187230
Dirt · Off grid
112.9Aug 4, 2025$175,0001,5501,1317.9 mi
75
MI-629495
Landlocked · Off grid
582.6Jul 27, 2026$381,7006559267.8 mi
72
MI-857054
Paved · Full utilities
99.4May 21, 2025$397,3003,9971,4476.8 mi
71
MI-668548
Paved · Full utilities
293.4Jan 15, 2024$853,8002,9101,4899.3 mi
66
Show adjustment detail for the top comp
  • Tract size (240.58 ac → 179.41 ac)+8.5%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (3 mo)+1.2%

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.