← New search
Schoolcraft County, MI · Sold

MI-668548

1819 County Road 198

$798,700
$2,722/ac · 293 ac
Acreage293 ac
Price per acre$2,722/ac
ZoningAgricultural
Road accessPaved
UtilitiesFull utilities
TopographyWooded
ListedDec 22, 2023
Coordinates45.9307, -86.3136
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

No material red flags on the mapped layers.

Risk index
9
Low risk
Wetlands4.4% of tract

Little to no mapped wetland coverage.

Average slope9.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,104 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area266.47 of 293.40 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$901,087
$745,197$1,056,977 · $3,071/ac on 293 ac
Asking vs estimate
-11.4%
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 $798,700
Maximum allowable offer
$514,907
$1,755/ac · +30.0% target margin

You need $283,793 off asking to hit this margin.

All-in cost$558,674
Net resale$829,000
Projected profit$270,326
ROI+48.4%
Annualized+69.2%
Break-even resale$2,070/ac
Profit if resale lands off target
-20%
$104,526
-10%
$187,426
0%
$270,326
+10%
$353,226
+20%
$436,125
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-408455
Landlocked · Full utilities
274.3Jul 4, 2026$481,3001,7553,0005.7 mi
86
MI-718274
Landlocked · Power at road
240.6May 5, 2026$419,9001,7453,5319.2 mi
83
MI-268279
Dirt · Off grid
241.4Jul 27, 2026$458,4001,8993,5437.2 mi
81
MI-537869
Landlocked · Off grid
179.4Jun 29, 2025$248,8001,3873,1489.3 mi
71
MI-187230
Dirt · Off grid
112.9Aug 4, 2025$175,0001,5502,4521.6 mi
71
MI-629495
Landlocked · Off grid
582.6Jul 27, 2026$381,7006552,00612.5 mi
70
MI-256974
Paved · Power at road
93.8Jul 27, 2026$411,4004,3853,9449.3 mi
70
MI-857054
Paved · Full utilities
99.4May 21, 2025$397,3003,9973,13611.2 mi
67
MI-117673
Landlocked · Power at road
155.7Mar 19, 2025$224,3001,4412,70612.9 mi
66
MI-697311
Gravel · Off grid
119.8Apr 26, 2026$277,0002,3133,10214.7 mi
64
Show adjustment detail for the top comp
  • Tract size (274.29 ac → 293.4 ac)-1.9%
  • Access (Landlocked → Paved)+73.5%
  • Market time (1 mo)+0.5%

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.