W John St

Newberry, MI

Michigan State Land Bank—Structure

Michigan State Land Bank doesn't publish asking prices — you make an offer or apply and they review it. Unpriced parcels often sell for less than comparable priced listings.

View source listing ↗Open Street View ↗

Location & enrichment

Property type: Structure
Flood zone: —
Lot size: —
Nearest metro: 257.5 mi
Nearest airport: 49.0 mi
Assessed value (county): —
Area median home value: $90,400
Area pop. trend (5yr): -15%
Area median rent: $805/mo
Owner-occupied: 76.8%
Rental vacancy: 26.4%

Not investment advice. Verify eligibility, price, and restrictions with the source listing before acting. Imagery is approximate (parcel centroid). Inventory checked July 14, 2026.

How to buy from the Michigan State Land Bank

The Michigan State Land Bank sells statewide inventory by application; many parcels are marketed through local partner land banks, and development-ready sites are handled as project proposals.

Michigan State Land Bank Authority profile →All Michigan State Land Bank listings →How to buy land bank property in Michigan →

Quick deal check

Purchase priceRenovation budgetAfter-repair value

All-in $40,000 = 44% of ARV

Inside the 70% rule

ARV starts from the area's median home value (Census) — replace it with real comps before acting. The 70% rule: flippers target purchase + rehab ≤ 70% of ARV. Not financial advice.