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Alcona County, MI · Sold

MI-338412

1926 County Road 386

$1,642,300
$6,177/ac · 266 ac
Acreage266 ac
Price per acre$6,177/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedOct 1, 2023
Coordinates44.6246, -83.3208
Loading terrain…
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

Alcona County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.

View Alcona market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
5
Low risk
Wetlands1.3% of tract

Little to no mapped wetland coverage.

Average slope8.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,494 ft of deeded road frontage.

Power174 ft away

Power at or near the road.

Buildable area249.29 of 265.87 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,029,573
$832,151$1,226,996 · $3,872/ac on 266 ac
Asking vs estimate
+59.5%
Priced above the comp set

Weighted from 8 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 $1,642,300
Maximum allowable offer
$588,328
$2,213/ac · +30.0% target margin

You need $1,053,972 off asking to hit this margin.

All-in cost$638,336
Net resale$947,208
Projected profit$308,872
ROI+48.4%
Annualized+69.2%
Break-even resale$2,610/ac
Profit if resale lands off target
-20%
$119,430
-10%
$214,151
0%
$308,872
+10%
$403,592
+20%
$498,313
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-458366
Dirt · Full utilities
257.2Jul 10, 2026$1,040,9004,0483,8374.3 mi
90
MI-958920
Gravel · Full utilities
384.1Jul 27, 2026$1,817,5004,7314,3282.5 mi
84
MI-157953
Dirt · Power at road
190.7Aug 30, 2025$635,1003,3313,6690.9 mi
77
MI-669330
Gravel · Full utilities
517.0Jul 27, 2026$1,527,3002,9542,9547.0 mi
76
MI-797798
Dirt · Power at road
170.4Sep 4, 2025$592,1003,4753,7096.9 mi
72
MI-389875
Gravel · Full utilities
767.3Feb 20, 2025$3,546,2004,6225,5278.7 mi
65
MI-866808
Paved · Off grid
83.2Dec 17, 2025$324,4003,9002,9383.8 mi
65
MI-579975
Dirt · Full utilities
824.9Apr 23, 2025$2,407,0002,9184,1214.9 mi
61
Show adjustment detail for the top comp
  • Tract size (257.16 ac → 265.87 ac)-1.0%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (1 mo)+0.4%

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.