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Alcona County, MI · Sold

MI-157953

8878 County Road 56

$754,300
$3,956/ac · 191 ac
Acreage191 ac
Price per acre$3,956/ac
ZoningRecreational
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedApr 14, 2025
Coordinates44.6188, -83.3052
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
Wetlands6.5% of tract

Little to no mapped wetland coverage.

Average slope2.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,818 ft of deeded road frontage.

Power73 ft away

Power at or near the road.

Buildable area169.35 of 190.66 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$741,209
$570,491$911,927 · $3,888/ac on 191 ac
Asking vs estimate
+1.8%
In line with 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 $754,300
Maximum allowable offer
$423,548
$2,221/ac · +30.0% target margin

You need $330,752 off asking to hit this margin.

All-in cost$459,550
Net resale$681,912
Projected profit$222,363
ROI+48.4%
Annualized+69.2%
Break-even resale$2,620/ac
Profit if resale lands off target
-20%
$85,980
-10%
$154,171
0%
$222,363
+10%
$290,554
+20%
$358,745
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-458366
Dirt · Full utilities
257.2Jul 10, 2026$1,040,9004,0483,6253.5 mi
84
MI-797798
Dirt · Power at road
170.4Sep 4, 2025$592,1003,4753,5037.5 mi
80
MI-958920
Gravel · Full utilities
384.1Jul 27, 2026$1,817,5004,7314,0882.6 mi
76
MI-866808
Paved · Off grid
83.2Dec 17, 2025$324,4003,9002,7753.1 mi
73
MI-338412
Gravel · Power at road
265.9Jan 22, 2024$1,464,9005,5105,7660.9 mi
71
MI-669330
Gravel · Full utilities
517.0Jul 27, 2026$1,527,3002,9542,7917.0 mi
70
MI-476556
Gravel · Power at road
69.3Feb 20, 2026$436,3006,2964,2793.8 mi
70
MI-206579
Paved · Off grid
70.5Jun 23, 2026$461,8006,5544,3956.4 mi
69
Show adjustment detail for the top comp
  • Tract size (257.16 ac → 190.66 ac)+8.8%
  • 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.