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Alger County, MI · Sold

MI-827448

7650 County Road 265

$441,500
$3,338/ac · 132 ac
Acreage132 ac
Price per acre$3,338/ac
ZoningRecreational
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedSep 19, 2023
Coordinates46.5544, -86.6737
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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

1 item to verify before you offer.

Risk index
10
Low risk
Wetlands0.6% of tract

Little to no mapped wetland coverage.

Average slope5.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area124.88 of 132.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$494,463
$390,274$598,653 · $3,739/ac on 132 ac
Asking vs estimate
-10.7%
Priced below the comp set

Weighted from 7 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 $441,500
Maximum allowable offer
$282,550
$2,136/ac · +30.0% target margin

You need $158,950 off asking to hit this margin.

All-in cost$306,567
Net resale$454,906
Projected profit$148,340
ROI+48.4%
Annualized+69.3%
Break-even resale$2,520/ac
Profit if resale lands off target
-20%
$57,358
-10%
$102,849
0%
$148,340
+10%
$193,830
+20%
$239,321
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-677833
Gravel · Full utilities
174.8Jul 27, 2026$519,1002,9703,2064.4 mi
86
MI-106984
Landlocked · Full utilities
94.5Jul 27, 2026$268,7002,8443,8514.8 mi
82
MI-627308
Landlocked · Power at road
119.5Jul 24, 2025$192,4001,6102,9393.6 mi
78
MI-599144
Gravel · Full utilities
451.8Jul 24, 2026$1,308,5002,8964,1138.3 mi
71
MI-935967
Dirt · Power at road
45.2Jul 27, 2026$118,4002,6182,9107.6 mi
69
MI-948234
Dirt · Off grid
233.7Jan 21, 2025$472,9002,0234,2047.5 mi
64
MI-388932
Paved · Off grid
387.5Aug 20, 2024$1,183,2003,0535,4456.1 mi
58
Show adjustment detail for the top comp
  • Tract size (174.79 ac → 132.25 ac)+7.7%

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.