1818 : 1st Public Auction of Land in Michigan

July 6, 2020 all-day

The first Land Office in what is now Michigan was established at Detroit  Under Act of Congress on March 26, 1804. On May I, I818, a proclamation of President Monroe authorized the first public auction sale of lands in Michigan. It took place at the Council House on July 6, 1818. The prices ranged from $2 to $40 per acre, the average price being $4. Up to 1826, United States lands were sold on credit, only a small amount being required to be paid down. In 1826 the law requiring full payment went into effect, and sales were greatly reduced.

A History of Detroit and Wayne County and early Michigan courtesy of the University of Michigan.