MI-840300
1309 County Road 360
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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.
Heavy wetland coverage — assume a delineation and permitting delay.
Gentle grade, straightforward to develop.
Inside the 100-year floodplain — insurance and elevation apply.
127 ft of deeded road frontage.
A long utility run — price in solar/off-grid instead.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 10 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 $563 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| MI-690250 Dirt · Power at road | 0.7 | Jul 27, 2026 | $3,200 | 4,375 | 4,332 | 3.7 mi | 86 |
| MI-240187 Gravel · Off grid | 0.7 | Aug 16, 2024 | $3,300 | 4,759 | 5,155 | 0.1 mi | 81 |
| MI-320790 Paved · Power at road | 1.1 | May 6, 2025 | $7,000 | 6,649 | 5,063 | 9.1 mi | 73 |
| MI-802229 Dirt · Power at road | 3.0 | Jul 27, 2026 | $9,600 | 3,166 | 3,208 | 8.9 mi | 69 |
| MI-711018 Gravel · Off grid | 1.3 | Mar 30, 2024 | $4,500 | 3,572 | 3,949 | 7.8 mi | 67 |
| MI-752042 Dirt · Power at road | 2.6 | Jun 16, 2026 | $11,800 | 4,503 | 4,567 | 10.9 mi | 64 |
| MI-592119 Gravel · Full utilities | 2.8 | Dec 29, 2025 | $18,400 | 6,602 | 4,819 | 11.0 mi | 62 |
| MI-202178 Gravel · Full utilities | 2.9 | May 8, 2024 | $27,200 | 9,346 | 7,290 | 4.1 mi | 58 |
| MI-392603 Dirt · Off grid | 4.0 | Jan 26, 2025 | $16,200 | 4,089 | 5,227 | 4.4 mi | 57 |
| MI-792606 Paved · Off grid | 4.0 | Sep 27, 2024 | $18,100 | 4,576 | 4,319 | 8.6 mi | 54 |
Show adjustment detail for the top comp
- Access (Dirt → Gravel)+16.3%
- 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.