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Alcona County, MI · Sold

MI-389875

4742 County Road 68

$4,298,400
$5,602/ac · 767 ac
Acreage767 ac
Price per acre$5,602/ac
ZoningResidential
Road accessGravel
UtilitiesFull utilities
TopographySloped
ListedJul 5, 2024
Coordinates44.7448, -83.2656
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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

3 items to verify before you offer.

Risk index
23
Low risk
Wetlands2.6% of tract

Little to no mapped wetland coverage.

Average slope16.2%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area597.86 of 767.28 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,842,200
$2,168,689$3,515,712 · $3,704/ac on 767 ac
Asking vs estimate
+51.2%
Priced above the comp set

Weighted from 5 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 $4,298,400
Maximum allowable offer
$1,624,114
$2,117/ac · +30.0% target margin

You need $2,674,286 off asking to hit this margin.

All-in cost$1,762,164
Net resale$2,614,824
Projected profit$852,661
ROI+48.4%
Annualized+69.2%
Break-even resale$2,496/ac
Profit if resale lands off target
-20%
$329,696
-10%
$591,178
0%
$852,661
+10%
$1,114,143
+20%
$1,375,625
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-669330
Gravel · Full utilities
517.0Jul 27, 2026$1,527,3002,9542,6242.3 mi
85
MI-958920
Gravel · Full utilities
384.1Jul 27, 2026$1,817,5004,7313,8456.3 mi
78
MI-579975
Dirt · Full utilities
824.9Apr 23, 2025$2,407,0002,9183,6614.5 mi
78
MI-458366
Dirt · Full utilities
257.2Jul 10, 2026$1,040,9004,0483,40910.2 mi
73
MI-338412
Gravel · Power at road
265.9Jan 22, 2024$1,464,9005,5105,4238.7 mi
62
Show adjustment detail for the top comp
  • Tract size (517 ac → 767.28 ac)-11.4%

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.