Alger County, MI · Sold

MI-599144

8424 County Road 319

$1,274,100

$2,820/ac · 452 ac

Offer report Market this tract

Acreage452 ac

Price per acre$2,820/ac

ZoningAgricultural

Road accessGravel

UtilitiesFull utilities

TopographyFlat

ListedOct 10, 2025

Coordinates46.4434, -86.7408

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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

Moderate risk

Wetlands33.1% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.3%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area287.16 of 451.83 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,241,535

$1,010,280 – $1,472,790 · $2,748/ac on 452 ac

Asking vs estimate

+2.6%

In line with the comp set

Weighted from 7 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 $1,274,100

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$709,449

$1,570/ac · +30.0% target margin

You need $564,651 off asking to hit this margin.

All-in cost$769,752

Net resale$1,142,213

Projected profit$372,460

ROI+48.4%

Annualized+69.2%

Break-even resale$1,852/ac

Profit if resale lands off target

-20%

$144,018

-10%

$258,239

$372,460

+10%

$486,682

+20%

$600,903

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MI-677833 Gravel · Full utilities	174.8	Jul 27, 2026	$519,100	2,970	2,263	4.3 mi	81
MI-419490 Gravel · Power at road	580.5	Apr 19, 2026	$1,112,300	1,916	2,556	13.5 mi	81
MI-899532 Gravel · Power at road	598.5	Jul 27, 2026	$1,178,100	1,969	2,621	10.2 mi	80
MI-388932 Paved · Off grid	387.5	Aug 20, 2024	$1,183,200	3,053	3,844	4.3 mi	72
MI-749933 Gravel · Power at road	800.2	Nov 5, 2025	$1,522,600	1,903	2,853	7.8 mi	71
MI-948234 Dirt · Off grid	233.7	Jan 21, 2025	$472,900	2,023	2,968	6.7 mi	64
MI-827448 Gravel · Full utilities	132.3	Oct 20, 2024	$377,500	2,854	2,169	8.3 mi	60

Show adjustment detail for the top comp

Tract size (174.79 ac → 451.83 ac)-24.0%

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.

Build the listing kit Post a deal or JV