MI-117673
697 County Road 347
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Schoolcraft County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.
View Schoolcraft market data →Step 1 · Is this a deal?
4 items to verify before you offer.
Heavy wetland coverage — assume a delineation and permitting delay.
Gentle grade, straightforward to develop.
Inside the 100-year floodplain — insurance and elevation apply.
No legal access of record — resale is severely limited.
Power at or near the road.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $56,949 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| MI-718274 Landlocked · Power at road | 240.6 | May 5, 2026 | $419,900 | 1,745 | 1,992 | 7.3 mi | 84 |
| MI-537869 Landlocked · Off grid | 179.4 | Jun 29, 2025 | $248,800 | 1,387 | 1,776 | 3.8 mi | 83 |
| MI-697311 Gravel · Off grid | 119.8 | Apr 26, 2026 | $277,000 | 2,313 | 1,750 | 1.8 mi | 81 |
| MI-256974 Paved · Power at road | 93.8 | Jul 27, 2026 | $411,400 | 4,385 | 2,225 | 3.6 mi | 80 |
| MI-268279 Dirt · Off grid | 241.4 | Jul 27, 2026 | $458,400 | 1,899 | 1,999 | 7.2 mi | 77 |
| MI-408455 Landlocked · Full utilities | 274.3 | Jul 4, 2026 | $481,300 | 1,755 | 1,693 | 8.7 mi | 77 |
| MI-187230 Dirt · Off grid | 112.9 | Aug 4, 2025 | $175,000 | 1,550 | 1,383 | 11.5 mi | 73 |
| MI-857054 Paved · Full utilities | 99.4 | May 21, 2025 | $397,300 | 3,997 | 1,769 | 9.2 mi | 71 |
| MI-286776 Paved · Power at road | 81.3 | Oct 11, 2024 | $305,100 | 3,754 | 1,979 | 2.0 mi | 68 |
| MI-668548 Paved · Full utilities | 293.4 | Jan 15, 2024 | $853,800 | 2,910 | 1,820 | 12.9 mi | 62 |
Show adjustment detail for the top comp
- Tract size (240.58 ac → 155.66 ac)+12.8%
- 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.