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Alger County, MI · Sold

MI-627308

4943 County Road 345

$224,500
$1,879/ac · 119 ac
Acreage119 ac
Price per acre$1,879/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesPower at road
TopographyWooded
ListedJan 28, 2025
Coordinates46.5259, -86.6114
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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

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

View Alger market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
39
Moderate risk
Wetlands11.8% of tract

Little to no mapped wetland coverage.

Average slope6.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power57 ft away

Power at or near the road.

Buildable area100.12 of 119.49 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$254,037
$198,455$309,620 · $2,126/ac on 119 ac
Asking vs estimate
-11.6%
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 $224,500
Maximum allowable offer
$145,164
$1,215/ac · +30.0% target margin

You need $79,336 off asking to hit this margin.

All-in cost$157,503
Net resale$233,714
Projected profit$76,211
ROI+48.4%
Annualized+69.2%
Break-even resale$1,433/ac
Profit if resale lands off target
-20%
$29,468
-10%
$52,840
0%
$76,211
+10%
$99,583
+20%
$122,954
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-106984
Landlocked · Full utilities
94.5Jul 27, 2026$268,7002,8442,2032.4 mi
86
MI-677833
Gravel · Full utilities
174.8Jul 27, 2026$519,1002,9701,8356.0 mi
79
MI-827448
Gravel · Full utilities
132.3Oct 20, 2024$377,5002,8541,7583.6 mi
74
MI-935967
Dirt · Power at road
45.2Jul 27, 2026$118,4002,6181,6657.0 mi
72
MI-948234
Dirt · Off grid
233.7Jan 21, 2025$472,9002,0232,4054.7 mi
69
MI-388932
Paved · Off grid
387.5Aug 20, 2024$1,183,2003,0533,1164.6 mi
58
Show adjustment detail for the top comp
  • Tract size (94.49 ac → 119.49 ac)-5.7%
  • Utilities (Full utilities → Power at road)-18.0%

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.