|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, 2018 and December 31st, 2018 acreage was typically selling from an average between $1,572
to $2382.60 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 $32,000 ($2,000-$3,200 per acre), with
$23,826 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 $69,900 all the way up to $94,900 and possibly more if the
property has some unique features. The average SALE price for wooded 40 acre parcels (2018) was $73,911 with
only 9 non-waterfront parcels selling in the Clare/Gladwin area MLS. The sales prices ranged from $65,000 to
$86,000. This is up from 2017 sales prices for this size parcel.
There were only two 80+ acre parcels that sold in 2018, which made it difficult to do an accurate estimate. If we use
the combined 2017 and 2018 sales, I come up with an average of $1572.91 per acre.
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 2017 to December 31st, 2018)
Statistics for Acreage Sales January 1st, 2018 to December 31st, 2018
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.
As for the larger parcels, (80+ acres) there were not enough sales to do
accurate statistics for 2018. If we use the combined 2017 and 2018 sales,
I come up with an average of $1572.91 per acre.