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Schoolcraft County, MI · Sold

MI-408455

9372 County Road 116

$493,100
$1,798/ac · 274 ac
Acreage274 ac
Price per acre$1,798/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesFull utilities
TopographyFlat
ListedSep 4, 2025
Coordinates46.0135, -86.3146
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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

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
28
Low risk
Wetlands5.5% of tract

Little to no mapped wetland coverage.

Average slope0.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area246.24 of 274.29 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$497,766
$409,732$585,801 · $1,815/ac on 274 ac
Asking vs estimate
-0.9%
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 $493,100
Maximum allowable offer
$284,438
$1,037/ac · +30.0% target margin

You need $208,662 off asking to hit this margin.

All-in cost$308,615
Net resale$457,945
Projected profit$149,330
ROI+48.4%
Annualized+69.2%
Break-even resale$1,223/ac
Profit if resale lands off target
-20%
$57,741
-10%
$103,535
0%
$149,330
+10%
$195,124
+20%
$240,919
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-268279
Dirt · Off grid
241.4Jul 27, 2026$458,4001,8992,0826.7 mi
87
MI-718274
Landlocked · Power at road
240.6May 5, 2026$419,9001,7452,0758.7 mi
82
MI-629495
Landlocked · Off grid
582.6Jul 27, 2026$381,7006551,1796.8 mi
80
MI-668548
Paved · Full utilities
293.4Jan 15, 2024$853,8002,9101,8965.7 mi
73
MI-697311
Gravel · Off grid
119.8Apr 26, 2026$277,0002,3131,82310.3 mi
72
MI-537869
Landlocked · Off grid
179.4Jun 29, 2025$248,8001,3871,8506.3 mi
72
MI-256974
Paved · Power at road
93.8Jul 27, 2026$411,4004,3852,3175.2 mi
70
MI-117673
Landlocked · Power at road
155.7Mar 19, 2025$224,3001,4411,5908.7 mi
68
MI-187230
Dirt · Off grid
112.9Aug 4, 2025$175,0001,5501,4415.3 mi
64
MI-857054
Paved · Full utilities
99.4May 21, 2025$397,3003,9971,84311.5 mi
60
Show adjustment detail for the top comp
  • Tract size (241.45 ac → 274.29 ac)-3.6%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Off grid → Full utilities)+43.5%

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.