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Alcona County, MI · Sold

MI-603570

2046 County Road 296

$47,000
$5,897/ac · 7.97 ac
Acreage7.97 ac
Price per acre$5,897/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedNov 10, 2023
Coordinates44.6140, -83.3090
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
11
Low risk
Wetlands8.1% of tract

Little to no mapped wetland coverage.

Average slope8.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

717 ft of deeded road frontage.

Power187 ft away

Power at or near the road.

Buildable area6.96 of 7.97 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$60,803
$47,579$74,028 · $7,629/ac on 7.97 ac
Asking vs estimate
-22.7%
Priced below the comp set

Weighted from 10 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 $47,000
Maximum allowable offer
$34,745
$4,359/ac · +30.0% target margin

You need $12,255 off asking to hit this margin.

All-in cost$37,698
Net resale$55,939
Projected profit$18,241
ROI+48.4%
Annualized+69.2%
Break-even resale$5,141/ac
Profit if resale lands off target
-20%
$7,053
-10%
$12,647
0%
$18,241
+10%
$23,835
+20%
$29,429
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-412588
Gravel · Off grid
3.9Jul 27, 2026$34,6008,8618,6653.6 mi
80
MI-492945
Dirt · Off grid
5.1Dec 14, 2024$38,0007,4939,1971.4 mi
77
MI-852593
Gravel · Full utilities
3.9Jul 27, 2026$43,30011,0217,5115.0 mi
74
MI-464189
Dirt · Full utilities
12.5Sep 5, 2024$67,5005,4064,9696.0 mi
73
MI-192914
Gravel · Off grid
5.0Oct 2, 2024$41,1008,3058,8262.7 mi
72
MI-372526
Gravel · Full utilities
3.7Apr 6, 2026$27,9007,4515,1345.0 mi
71
MI-455134
Paved · Off grid
24.7Dec 2, 2025$180,5007,2957,2393.2 mi
65
MI-752096
Dirt · Off grid
2.7Jul 26, 2025$22,1008,0839,4717.8 mi
63
MI-851847
Dirt · Full utilities
2.3Jun 18, 2025$16,7007,2865,9467.5 mi
61
MI-305216
Gravel · Power at road
26.3Oct 18, 2024$234,3008,9279,3746.8 mi
58
Show adjustment detail for the top comp
  • Tract size (3.91 ac → 7.97 ac)-3.6%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Off grid → Power at road)+17.6%

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.