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Alger County, MI · Sold

MI-105228

1134 County Road 316

$141,300
$5,336/ac · 26.48 ac
Acreage26.48 ac
Price per acre$5,336/ac
ZoningRecreational
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedAug 27, 2023
Coordinates46.4980, -86.5484
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

4 items to verify before you offer.

Risk index
25
Low risk
Wetlands16.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area21.08 of 26.48 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$125,407
$90,293$160,521 · $4,736/ac on 26.48 ac
Asking vs estimate
+12.7%
Priced above the comp set

Weighted from 5 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 $141,300
Maximum allowable offer
$71,661
$2,706/ac · +30.0% target margin

You need $69,639 off asking to hit this margin.

All-in cost$77,752
Net resale$115,375
Projected profit$37,622
ROI+48.4%
Annualized+69.3%
Break-even resale$3,192/ac
Profit if resale lands off target
-20%
$14,548
-10%
$26,085
0%
$37,622
+10%
$49,160
+20%
$60,697
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-675445
Dirt · Off grid
31.0Mar 22, 2026$146,1004,7137,0504.4 mi
83
MI-935967
Dirt · Power at road
45.2Jul 27, 2026$118,4002,6183,5088.1 mi
77
MI-833771
Dirt · Power at road
9.2Apr 1, 2026$29,0003,1403,4625.7 mi
70
MI-464649
Dirt · Power at road
17.4Aug 20, 2024$56,9003,2694,0869.4 mi
67
MI-503894
Dirt · Power at road
10.1Oct 3, 2024$45,3004,4905,2931.3 mi
65
Show adjustment detail for the top comp
  • Tract size (30.99 ac → 26.48 ac)+2.5%
  • Utilities (Off grid → Full utilities)+43.5%
  • 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.