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Schoolcraft County, MI · Sold

MI-489835

9261 County Road 329

$1,305,500
$1,752/ac · 745 ac
Acreage745 ac
Price per acre$1,752/ac
ZoningResidential
Road accessPaved
UtilitiesPower at road
TopographyWooded
ListedJan 30, 2024
Coordinates45.9488, -86.2546
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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

3 items to verify before you offer.

Risk index
18
Low risk
Wetlands16.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

6,897 ft of deeded road frontage.

Power86 ft away

Power at or near the road.

Buildable area588.42 of 745.36 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,401,585
$1,131,546$1,671,623 · $1,880/ac on 745 ac
Asking vs estimate
-6.9%
Priced below the comp set

Weighted from 5 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 $1,305,500
Maximum allowable offer
$800,905
$1,075/ac · +30.0% target margin

You need $504,595 off asking to hit this margin.

All-in cost$868,982
Net resale$1,289,458
Projected profit$420,476
ROI+48.4%
Annualized+69.2%
Break-even resale$1,267/ac
Profit if resale lands off target
-20%
$162,584
-10%
$291,530
0%
$420,476
+10%
$549,422
+20%
$678,367
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-629495
Landlocked · Off grid
582.6Jul 27, 2026$381,7006551,24311.5 mi
78
MI-268279
Dirt · Off grid
241.4Jul 27, 2026$458,4001,8992,1954.2 mi
70
MI-408455
Landlocked · Full utilities
274.3Jul 4, 2026$481,3001,7551,8595.3 mi
70
MI-718274
Landlocked · Power at road
240.6May 5, 2026$419,9001,7452,1886.1 mi
69
MI-668548
Paved · Full utilities
293.4Jan 15, 2024$853,8002,9101,9993.1 mi
63
Show adjustment detail for the top comp
  • Tract size (582.64 ac → 745.36 ac)-7.3%
  • Access (Landlocked → Paved)+73.5%
  • Utilities (Off grid → Power at road)+17.6%

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.