Schoolcraft County, MI · Sold

MI-615814

4706 County Road 161

$105,300

$2,601/ac · 40.49 ac

Offer report Market this tract

Acreage40.49 ac

Price per acre$2,601/ac

ZoningUnzoned

Road accessGravel

UtilitiesPower at road

TopographyMixed

ListedNov 10, 2023

Coordinates45.9485, -86.2326

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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

Low risk

Wetlands17.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,319 ft of deeded road frontage.

Power224 ft away

Power at or near the road.

Buildable area31.85 of 40.49 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$133,058

$107,506 – $158,610 · $3,286/ac on 40.49 ac

Asking vs estimate

-20.9%

Priced below the comp set

Weighted from 9 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 $105,300

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$76,033

$1,878/ac · +30.0% target margin

You need $29,267 off asking to hit this margin.

All-in cost$82,496

Net resale$122,413

Projected profit$39,918

ROI+48.4%

Annualized+69.3%

Break-even resale$2,215/ac

Profit if resale lands off target

-20%

$15,435

-10%

$27,676

$39,918

+10%

$52,159

+20%

$64,400

Comparable sales9 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MI-615556 Dirt · Power at road	33.6	Jul 27, 2026	$68,200	2,032	2,291	2.0 mi	86
MI-904744 Gravel · Power at road	18.6	Apr 3, 2026	$62,200	3,337	3,010	10.7 mi	76
MI-256974 Paved · Power at road	93.8	Jul 27, 2026	$411,400	4,385	4,460	7.0 mi	74
MI-697311 Gravel · Off grid	119.8	Apr 26, 2026	$277,000	2,313	3,508	11.8 mi	71
MI-824597 Dirt · Off grid	16.8	Jul 27, 2026	$44,500	2,653	3,190	8.1 mi	70
MI-745153 Dirt · Power at road	25.1	Mar 20, 2025	$67,000	2,670	3,039	12.1 mi	66
MI-286776 Paved · Power at road	81.3	Oct 11, 2024	$305,100	3,754	3,968	11.6 mi	66
MI-187230 Dirt · Off grid	112.9	Aug 4, 2025	$175,000	1,550	2,773	2.5 mi	65
MI-857054 Paved · Full utilities	99.4	May 21, 2025	$397,300	3,997	3,547	7.2 mi	62

Show adjustment detail for the top comp

Tract size (33.58 ac → 40.49 ac)-3.2%
Access (Dirt → Gravel)+16.3%

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.

Build the listing kit Post a deal or JV