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Alger County, MI · Sold

MI-948234

8696 County Road 191

$547,300
$2,342/ac · 234 ac
Acreage234 ac
Price per acre$2,342/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedAug 2, 2024
Coordinates46.4580, -86.6015
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

3 items to verify before you offer.

Risk index
23
Low risk
Wetlands0.0% of tract

Little to no mapped wetland coverage.

Average slope18.6%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,507 ft of deeded road frontage.

Power10,974 ft away

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

Buildable area186.97 of 233.71 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$452,414
$368,064$536,765 · $1,936/ac on 234 ac
Asking vs estimate
+21.0%
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 $547,300
Maximum allowable offer
$258,523
$1,106/ac · +30.0% target margin

You need $288,777 off asking to hit this margin.

All-in cost$280,497
Net resale$416,221
Projected profit$135,724
ROI+48.4%
Annualized+69.2%
Break-even resale$1,305/ac
Profit if resale lands off target
-20%
$52,480
-10%
$94,102
0%
$135,724
+10%
$177,346
+20%
$218,968
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-677833
Gravel · Full utilities
174.8Jul 27, 2026$519,1002,9701,6457.1 mi
79
MI-599144
Gravel · Full utilities
451.8Jul 24, 2026$1,308,5002,8962,1106.7 mi
74
MI-627308
Landlocked · Power at road
119.5Jul 24, 2025$192,4001,6101,5084.7 mi
72
MI-899532
Gravel · Power at road
598.5Jul 27, 2026$1,178,1001,9691,9045.2 mi
72
MI-106984
Landlocked · Full utilities
94.5Jul 27, 2026$268,7002,8441,9756.4 mi
71
MI-749933
Gravel · Power at road
800.2Nov 5, 2025$1,522,6001,9032,0733.4 mi
69
MI-388932
Paved · Off grid
387.5Aug 20, 2024$1,183,2003,0532,7932.8 mi
69
MI-419490
Gravel · Power at road
580.5Apr 19, 2026$1,112,3001,9161,85710.4 mi
66
MI-827448
Gravel · Full utilities
132.3Oct 20, 2024$377,5002,8541,5767.5 mi
63
Show adjustment detail for the top comp
  • Tract size (174.79 ac → 233.71 ac)-7.8%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Full utilities → Off grid)-30.3%

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.