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Alger County, MI · Sold

MI-899532

942 County Road 305

$1,157,300
$1,934/ac · 598 ac
Acreage598 ac
Price per acre$1,934/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedJun 5, 2026
Coordinates46.5289, -86.5664
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

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

View Alger market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
7
Low risk
Wetlands8.6% of tract

Little to no mapped wetland coverage.

Average slope2.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,609 ft of deeded road frontage.

Power121 ft away

Power at or near the road.

Buildable area519.65 of 598.47 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,299,027
$1,085,090$1,512,963 · $2,171/ac on 598 ac
Asking vs estimate
-10.9%
Priced below the comp set

Weighted from 6 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 $1,157,300
Maximum allowable offer
$742,301
$1,240/ac · +30.0% target margin

You need $414,999 off asking to hit this margin.

All-in cost$805,397
Net resale$1,195,104
Projected profit$389,708
ROI+48.4%
Annualized+69.2%
Break-even resale$1,463/ac
Profit if resale lands off target
-20%
$150,687
-10%
$270,197
0%
$389,708
+10%
$509,218
+20%
$628,729
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-419490
Gravel · Power at road
580.5Apr 19, 2026$1,112,3001,9161,9245.6 mi
87
MI-749933
Gravel · Power at road
800.2Nov 5, 2025$1,522,6001,9032,1482.3 mi
81
MI-599144
Gravel · Full utilities
451.8Jul 24, 2026$1,308,5002,8962,18610.2 mi
80
MI-388932
Paved · Off grid
387.5Aug 20, 2024$1,183,2003,0532,8946.1 mi
70
MI-677833
Gravel · Full utilities
174.8Jul 27, 2026$519,1002,9701,7048.1 mi
70
MI-948234
Dirt · Off grid
233.7Jan 21, 2025$472,9002,0232,2345.2 mi
61
Show adjustment detail for the top comp
  • Tract size (580.53 ac → 598.47 ac)-0.9%
  • Market time (4 mo)+1.4%

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.