← New search
Alger County, MI · Sold

MI-935967

3466 County Road 209

$126,500
$2,797/ac · 45.23 ac
Acreage45.23 ac
Price per acre$2,797/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedMay 3, 2026
Coordinates46.6149, -86.5405
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

1 item to verify before you offer.

Risk index
12
Low risk
Wetlands4.3% of tract

Little to no mapped wetland coverage.

Average slope3.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power114 ft away

Power at or near the road.

Buildable area41.12 of 45.23 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$163,931
$121,548$206,314 · $3,624/ac on 45.23 ac
Asking vs estimate
-22.8%
Priced below the comp set

Weighted from 6 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 $126,500
Maximum allowable offer
$93,675
$2,071/ac · +30.0% target margin

You need $32,825 off asking to hit this margin.

All-in cost$101,637
Net resale$150,816
Projected profit$49,179
ROI+48.4%
Annualized+69.2%
Break-even resale$2,443/ac
Profit if resale lands off target
-20%
$19,016
-10%
$34,097
0%
$49,179
+10%
$64,261
+20%
$79,342
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-675445
Dirt · Off grid
31.0Mar 22, 2026$146,1004,7135,2727.4 mi
82
MI-106984
Landlocked · Full utilities
94.5Jul 27, 2026$268,7002,8443,4714.8 mi
74
MI-105228
Dirt · Full utilities
26.5Apr 19, 2024$129,0004,8723,9998.1 mi
65
MI-627308
Landlocked · Power at road
119.5Jul 24, 2025$192,4001,6102,6507.0 mi
64
MI-464649
Dirt · Power at road
17.4Aug 20, 2024$56,9003,2693,0566.8 mi
63
MI-827448
Gravel · Full utilities
132.3Oct 20, 2024$377,5002,8542,7707.6 mi
57
Show adjustment detail for the top comp
  • Tract size (30.99 ac → 45.23 ac)-6.5%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (5 mo)+1.7%

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.