Schoolcraft County, MI · Sold

MI-857054

2809 County Road 192

$458,800

$4,615/ac · 99.41 ac

Offer report Market this tract

Acreage99.41 ac

Price per acre$4,615/ac

ZoningAgricultural

Road accessPaved

UtilitiesFull utilities

TopographyRolling

ListedApr 21, 2024

Coordinates45.9658, -86.0850

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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

4 items to verify before you offer.

Risk index

Low risk

Wetlands11.5% of tract

Little to no mapped wetland coverage.

Average slope12.3%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area70.38 of 99.41 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$414,856

$341,203 – $488,509 · $4,173/ac on 99.41 ac

Asking vs estimate

+10.6%

Priced above 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 $458,800

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$237,061

$2,385/ac · +30.0% target margin

You need $221,739 off asking to hit this margin.

All-in cost$257,211

Net resale$381,668

Projected profit$124,456

ROI+48.4%

Annualized+69.2%

Break-even resale$2,812/ac

Profit if resale lands off target

-20%

$48,123

-10%

$86,290

$124,456

+10%

$162,623

+20%

$200,790

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MI-256974 Paved · Power at road	93.8	Jul 27, 2026	$411,400	4,385	5,287	8.6 mi	85
MI-187230 Dirt · Off grid	112.9	Aug 4, 2025	$175,000	1,550	3,287	9.7 mi	77
MI-697311 Gravel · Off grid	119.8	Apr 26, 2026	$277,000	2,313	4,158	10.4 mi	77
MI-718274 Landlocked · Power at road	240.6	May 5, 2026	$419,900	1,745	4,734	2.8 mi	76
MI-268279 Dirt · Off grid	241.4	Jul 27, 2026	$458,400	1,899	4,750	4.8 mi	73
MI-537869 Landlocked · Off grid	179.4	Jun 29, 2025	$248,800	1,387	4,220	6.8 mi	72
MI-286776 Paved · Power at road	81.3	Oct 11, 2024	$305,100	3,754	4,702	9.7 mi	71
MI-117673 Landlocked · Power at road	155.7	Mar 19, 2025	$224,300	1,441	3,627	9.2 mi	70
MI-615556 Dirt · Power at road	33.6	Jul 27, 2026	$68,200	2,032	2,716	5.3 mi	70
MI-408455 Landlocked · Full utilities	274.3	Jul 4, 2026	$481,300	1,755	4,022	11.5 mi	68

Show adjustment detail for the top comp

Tract size (93.81 ac → 99.41 ac)-1.4%
Utilities (Power at road → Full utilities)+22.0%

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.

Build the listing kit Post a deal or JV