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Schoolcraft County, MI · Sold

MI-920131

2406 County Road 384

$2,700
$4,091/ac · 0.66 ac
Acreage0.66 ac
Price per acre$4,091/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedMay 12, 2024
Coordinates46.0930, -86.2067
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
39
Moderate risk
Wetlands20.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.0%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power11,646 ft away

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

Buildable area0.50 of 0.66 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,315
$1,696$2,935 · $3,508/ac on 0.66 ac
Asking vs estimate
+16.6%
Priced above the comp set

Weighted from 7 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 $2,700
Maximum allowable offer
$1,323
$2,005/ac · +30.0% target margin

You need $1,377 off asking to hit this margin.

All-in cost$1,435
Net resale$2,130
Projected profit$695
ROI+48.4%
Annualized+69.3%
Break-even resale$2,364/ac
Profit if resale lands off target
-20%
$269
-10%
$482
0%
$695
+10%
$908
+20%
$1,121
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-650011
Paved · Power at road
0.6Jul 27, 2026$3,2005,3013,2898.5 mi
87
MI-440288
Paved · Off grid
0.7Jul 27, 2026$4,4005,9644,3608.3 mi
84
MI-610683
Dirt · Full utilities
1.0May 24, 2025$3,4003,4522,5375.8 mi
77
MI-680973
Dirt · Off grid
1.2Feb 14, 2025$2,4001,9842,1214.8 mi
75
MI-410171
Paved · Power at road
0.7Jan 16, 2025$4,7006,9614,5995.9 mi
74
MI-850871
Dirt · Power at road
1.1Aug 12, 2024$5,6004,9794,6124.8 mi
67
MI-390814
Gravel · Off grid
1.1Sep 3, 2024$3,5003,2563,0429.8 mi
65
Show adjustment detail for the top comp
  • Access (Paved → Dirt)-27.1%
  • Utilities (Power at road → Off grid)-15.0%

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.