|What is Acreage Going for in
Mid Michigan? (Gladwin/Clare Co.)
Jim & Ivie Baker - Principal Brokers
Jim Direct: 989.429.0123 ~ Ivie Direct: 989.429.0124
Main Office: 989.426.0664 or 800.426.0664
Between January 1st, 2015 and December 31st, 2015 acreage was typically selling from an average between $1561
to $2068 per acre. Long gone are the days of buying acreage for $500 - $1000 per acre. Pricing per acre will vary,
depending on the total amount of acreage being sold at one time, weather there is timber on the property, ponds,
rivers, lake frontage or if there are any existing outbuildings present on the property.
Typically, a nice wooded 10 acre parcel may list anywhere from $20,000 to $30,000 ($2000-$3000 per acre), with
$20,686 being the most AVERAGE SALES PRICE. If a 10 acre parcel has a very limited amount of timber, the value
of the land might be on the lower end of the scale, depending on whether it is tiled for farming or unimproved land.
The same is true for property with easement access, with no electricity available. Those factors may substantially
affect the land values.
A nice wooded 40 acre parcel may list anywhere from $60,000 all the way up to $90,000 and possibly more if the
property has some unique features. The average SALE price for wooded 40 acre parcels (2015) was $68,187 with
only 8 non-waterfront parcels selling in the Clare/Gladwin area MLS. The sales prices ranged from $55,000 to $83,000.
For parcels over 40 acres, up to 60 acres, averaged a sales price of $1561.22 per acre with only 4 properties selling in
that acreage range in 2015.
80 to 90 acre parcels have been selling with an approximate average around $1750 per acre. However, the largest
parcel to sell in the Clare/Gladwin MLS in 2015 was 90.51 acres. (There was a 159 acre parcel that did sell, that was
not included in the statistics because it had 2 outbuildings, an old mobile home and a well and septic system).
Acreage adjoining state land seems to be a hot item these days. They are harder to find and can sometimes go for a
little more per acre, in the right location. Often, acreage around state land won’t have access to power and can also
On average, prices have gone up in the last two years. Many land owners offering land contract terms, might ask a
little more for their property, because they are offering terms.
If you are seeking to purchase vacant property, you should expect that the bank or seller will require at least 20-25%
down payment. This is typical with most banks offering vacant land mortgages or land owners who offer land
If you are looking for a bank who offers mortgages on vacant land WITHOUT the buyer being required to build on the
property over a certain amount of time, contact Ivie Baker and she'll be happy to forward you some information on
some lenders who will finance vacant land.
(Information for these statistics came from the Clare/Gladwin MLS, January 1st 2015 to December 31st, 2015)
Statistics for Acreage Sales January 1st, 2015 to December 31st, 2015
These statistics were pulled from the Clare and Gladwin County MLS. Acreage values will vary in different parts of
Michigan. These statistics should not be used to factor land values in other areas of the state. These values are based off
of 2015 sales ONLY! Please contact your local Realtor for an accurate market analysis for CURRENT property values.
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