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Alger County, MI · Sold

MI-193351

9633 County Road 364

$21,900
$3,221/ac · 6.80 ac
Acreage6.80 ac
Price per acre$3,221/ac
ZoningRecreational
Road accessLandlocked
UtilitiesPower at road
TopographyFlat
ListedOct 27, 2023
Coordinates46.4996, -86.5683
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

1 item to verify before you offer.

Risk index
30
Low risk
Wetlands7.4% of tract

Little to no mapped wetland coverage.

Average slope3.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power138 ft away

Power at or near the road.

Buildable area5.98 of 6.80 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$23,321
$17,745$28,897 · $3,430/ac on 6.80 ac
Asking vs estimate
-6.1%
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 $21,900
Maximum allowable offer
$13,326
$1,960/ac · +30.0% target margin

You need $8,574 off asking to hit this margin.

All-in cost$14,459
Net resale$21,455
Projected profit$6,997
ROI+48.4%
Annualized+69.3%
Break-even resale$2,311/ac
Profit if resale lands off target
-20%
$2,705
-10%
$4,851
0%
$6,997
+10%
$9,142
+20%
$11,288
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-833771
Dirt · Power at road
9.2Apr 1, 2026$29,0003,1402,5745.1 mi
79
MI-752042
Dirt · Power at road
2.6Jun 16, 2026$11,8004,5033,4506.2 mi
76
MI-802229
Dirt · Power at road
3.0Jul 27, 2026$9,6003,1662,4236.2 mi
74
MI-363186
Dirt · Full utilities
6.0Mar 15, 2025$25,9004,3022,9345.4 mi
74
MI-503894
Dirt · Power at road
10.1Oct 3, 2024$45,3004,4903,9351.9 mi
71
MI-392603
Dirt · Off grid
4.0Jan 26, 2025$16,2004,0893,9485.1 mi
66
MI-592119
Gravel · Full utilities
2.8Dec 29, 2025$18,4006,6023,6406.5 mi
66
MI-792606
Paved · Off grid
4.0Sep 27, 2024$18,1004,5763,2635.3 mi
65
MI-202178
Gravel · Full utilities
2.9May 8, 2024$27,2009,3465,5062.8 mi
61
MI-464649
Dirt · Power at road
17.4Aug 20, 2024$56,9003,2693,0378.6 mi
59
Show adjustment detail for the top comp
  • Tract size (9.22 ac → 6.8 ac)+2.1%
  • Access (Dirt → Landlocked)-20.9%
  • Market time (4 mo)+1.6%

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.