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Alger County, MI · Sold

MI-752042

8481 County Road 174

$13,100
$4,981/ac · 2.63 ac
Acreage2.63 ac
Price per acre$4,981/ac
ZoningRecreational
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedJun 29, 2025
Coordinates46.5891, -86.5822
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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

4 items to verify before you offer.

Risk index
27
Low risk
Wetlands19.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power112 ft away

Power at or near the road.

Buildable area2.00 of 2.63 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$12,000
$9,027$14,972 · $4,563/ac on 2.63 ac
Asking vs estimate
+9.2%
Priced above the comp set

Weighted from 9 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 $13,100
Maximum allowable offer
$6,857
$2,607/ac · +30.0% target margin

You need $6,243 off asking to hit this margin.

All-in cost$7,440
Net resale$11,040
Projected profit$3,600
ROI+48.4%
Annualized+69.3%
Break-even resale$3,075/ac
Profit if resale lands off target
-20%
$1,392
-10%
$2,496
0%
$3,600
+10%
$4,704
+20%
$5,808
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-802229
Dirt · Power at road
3.0Jul 27, 2026$9,6003,1663,1856.1 mi
88
MI-592119
Gravel · Full utilities
2.8Dec 29, 2025$18,4006,6024,7841.0 mi
83
MI-202178
Gravel · Full utilities
2.9May 8, 2024$27,2009,3467,2377.5 mi
70
MI-392603
Dirt · Off grid
4.0Jan 26, 2025$16,2004,0895,1899.5 mi
68
MI-792606
Paved · Off grid
4.0Sep 27, 2024$18,1004,5764,2884.9 mi
67
MI-363186
Dirt · Full utilities
6.0Mar 15, 2025$25,9004,3023,8574.4 mi
67
MI-193351
Landlocked · Power at road
6.8May 26, 2024$18,0002,6543,8146.2 mi
64
MI-711018
Gravel · Off grid
1.3Mar 30, 2024$4,5003,5723,9216.5 mi
64
MI-320790
Paved · Power at road
1.1May 6, 2025$7,0006,6495,0268.3 mi
63
Show adjustment detail for the top comp

    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.