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Alger County, MI · Sold

MI-363186

1803 County Road 249

$28,600
$4,743/ac · 6.03 ac
Acreage6.03 ac
Price per acre$4,743/ac
ZoningUnzoned
Road accessDirt
UtilitiesFull utilities
TopographyMixed
ListedOct 28, 2024
Coordinates46.5509, -86.6552
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
8
Low risk
Wetlands9.4% of tract

Little to no mapped wetland coverage.

Average slope5.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

271 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area5.19 of 6.03 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$32,092
$24,394$39,790 · $5,322/ac on 6.03 ac
Asking vs estimate
-10.9%
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 $28,600
Maximum allowable offer
$18,338
$3,041/ac · +30.0% target margin

You need $10,262 off asking to hit this margin.

All-in cost$19,897
Net resale$29,524
Projected profit$9,628
ROI+48.4%
Annualized+69.3%
Break-even resale$3,587/ac
Profit if resale lands off target
-20%
$3,723
-10%
$6,675
0%
$9,628
+10%
$12,580
+20%
$15,533
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-802229
Dirt · Power at road
3.0Jul 27, 2026$9,6003,1663,7641.7 mi
80
MI-833771
Dirt · Power at road
9.2Apr 1, 2026$29,0003,1403,9986.9 mi
77
MI-752042
Dirt · Power at road
2.6Jun 16, 2026$11,8004,5035,3594.4 mi
75
MI-792606
Paved · Off grid
4.0Sep 27, 2024$18,1004,5765,0680.6 mi
74
MI-592119
Gravel · Full utilities
2.8Dec 29, 2025$18,4006,6025,6543.7 mi
71
MI-193351
Landlocked · Power at road
6.8May 26, 2024$18,0002,6544,5075.4 mi
71
MI-392603
Dirt · Off grid
4.0Jan 26, 2025$16,2004,0896,1336.1 mi
70
MI-503894
Dirt · Power at road
10.1Oct 3, 2024$45,3004,4906,1127.3 mi
67
MI-202178
Gravel · Full utilities
2.9May 8, 2024$27,2009,3468,5534.9 mi
63
MI-464649
Dirt · Power at road
17.4Aug 20, 2024$56,9003,2694,7183.4 mi
63
Show adjustment detail for the top comp
  • Tract size (3.02 ac → 6.03 ac)-2.8%
  • Utilities (Power at road → Full utilities)+22.0%

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.