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Alger County, MI · Sold

MI-749933

9474 County Road 165

$1,631,900
$2,039/ac · 800 ac
Acreage800 ac
Price per acre$2,039/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedApr 3, 2025
Coordinates46.5074, -86.6047
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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

2 items to verify before you offer.

Risk index
14
Low risk
Wetlands5.1% of tract

Little to no mapped wetland coverage.

Average slope14.2%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

5,871 ft of deeded road frontage.

Power184 ft away

Power at or near the road.

Buildable area607.51 of 800.20 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,615,831
$1,372,848$1,858,814 · $2,019/ac on 800 ac
Asking vs estimate
+1.0%
In line with 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 $1,631,900
Maximum allowable offer
$923,332
$1,154/ac · +30.0% target margin

You need $708,568 off asking to hit this margin.

All-in cost$1,001,815
Net resale$1,486,564
Projected profit$484,749
ROI+48.4%
Annualized+69.2%
Break-even resale$1,361/ac
Profit if resale lands off target
-20%
$187,436
-10%
$336,093
0%
$484,749
+10%
$633,406
+20%
$782,062
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-899532
Gravel · Power at road
598.5Jul 27, 2026$1,178,1001,9691,8052.3 mi
87
MI-419490
Gravel · Power at road
580.5Apr 19, 2026$1,112,3001,9161,7607.0 mi
81
MI-599144
Gravel · Full utilities
451.8Jul 24, 2026$1,308,5002,8962,0007.8 mi
77
MI-948234
Dirt · Off grid
233.7Jan 21, 2025$472,9002,0232,0443.4 mi
65
MI-388932
Paved · Off grid
387.5Aug 20, 2024$1,183,2003,0532,6473.8 mi
63
Show adjustment detail for the top comp
  • Tract size (598.47 ac → 800.2 ac)-8.5%

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.