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Alger County, MI · Sold

MI-792606

5949 County Road 344

$20,200
$5,101/ac · 3.96 ac
Acreage3.96 ac
Price per acre$5,101/ac
ZoningUnzoned
Road accessPaved
UtilitiesOff grid
TopographyWooded
ListedJun 16, 2024
Coordinates46.5432, -86.6613
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

2 items to verify before you offer.

Risk index
21
Low risk
Wetlands3.5% of tract

Little to no mapped wetland coverage.

Average slope9.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power5,150 ft away

A long utility run — price in solar/off-grid instead.

Buildable area3.63 of 3.96 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$20,439
$15,336$25,543 · $5,161/ac on 3.96 ac
Asking vs estimate
-1.2%
In line with 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 $20,200
Maximum allowable offer
$11,680
$2,949/ac · +30.0% target margin

You need $8,520 off asking to hit this margin.

All-in cost$12,673
Net resale$18,804
Projected profit$6,131
ROI+48.4%
Annualized+69.2%
Break-even resale$3,478/ac
Profit if resale lands off target
-20%
$2,371
-10%
$4,251
0%
$6,131
+10%
$8,012
+20%
$9,892
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-802229
Dirt · Power at road
3.0Jul 27, 2026$9,6003,1663,6671.3 mi
84
MI-752042
Dirt · Power at road
2.6Jun 16, 2026$11,8004,5035,2214.9 mi
78
MI-392603
Dirt · Off grid
4.0Jan 26, 2025$16,2004,0895,9755.5 mi
77
MI-363186
Dirt · Full utilities
6.0Mar 15, 2025$25,9004,3024,4410.6 mi
76
MI-592119
Gravel · Full utilities
2.8Dec 29, 2025$18,4006,6025,5084.3 mi
75
MI-833771
Dirt · Power at road
9.2Apr 1, 2026$29,0003,1403,8956.3 mi
69
MI-202178
Gravel · Full utilities
2.9May 8, 2024$27,2009,3468,3334.5 mi
68
MI-193351
Landlocked · Power at road
6.8May 26, 2024$18,0002,6544,3915.3 mi
64
MI-711018
Gravel · Off grid
1.3Mar 30, 2024$4,5003,5724,5151.7 mi
61
MI-503894
Dirt · Power at road
10.1Oct 3, 2024$45,3004,4905,9557.2 mi
59
Show adjustment detail for the top comp
  • Tract size (3.02 ac → 3.96 ac)-0.9%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Power at road → Off grid)-15.0%

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.