MI-106984
8120 County Road 137
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Alger County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.
View Alger market data →Step 1 · Is this a deal?
4 items to verify before you offer.
Partial wetlands. Verify the delineated build envelope.
Gentle grade, straightforward to develop.
Moderate flood hazard on part of the tract.
No legal access of record — resale is severely limited.
Power at or near the road.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 6 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $111,199 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| MI-627308 Landlocked · Power at road | 119.5 | Jul 24, 2025 | $192,400 | 1,610 | 2,176 | 2.4 mi | 78 |
| MI-677833 Gravel · Full utilities | 174.8 | Jul 27, 2026 | $519,100 | 2,970 | 2,373 | 8.2 mi | 76 |
| MI-935967 Dirt · Power at road | 45.2 | Jul 27, 2026 | $118,400 | 2,618 | 2,154 | 4.8 mi | 74 |
| MI-827448 Gravel · Full utilities | 132.3 | Oct 20, 2024 | $377,500 | 2,854 | 2,274 | 4.8 mi | 70 |
| MI-675445 Dirt · Off grid | 31.0 | Mar 22, 2026 | $146,100 | 4,713 | 4,329 | 3.1 mi | 68 |
| MI-948234 Dirt · Off grid | 233.7 | Jan 21, 2025 | $472,900 | 2,023 | 3,112 | 6.4 mi | 61 |
Show adjustment detail for the top comp
- Tract size (119.49 ac → 94.49 ac)+6.0%
- Utilities (Power at road → Full utilities)+22.0%
- Market time (13 mo)+4.5%
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.