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Alger County, MI · Sold

MI-690250

252 County Road 230

$3,500
$4,861/ac · 0.72 ac
Acreage0.72 ac
Price per acre$4,861/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedApr 20, 2026
Coordinates46.4849, -86.5800
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
18
Low risk
Wetlands6.6% of tract

Little to no mapped wetland coverage.

Average slope7.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power197 ft away

Power at or near the road.

Buildable area0.64 of 0.72 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,366
$2,566$4,166 · $4,675/ac on 0.72 ac
Asking vs estimate
+4.0%
In line with the comp set

Weighted from 10 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 $3,500
Maximum allowable offer
$1,923
$2,671/ac · +30.0% target margin

You need $1,577 off asking to hit this margin.

All-in cost$2,086
Net resale$3,097
Projected profit$1,010
ROI+48.4%
Annualized+69.3%
Break-even resale$3,150/ac
Profit if resale lands off target
-20%
$391
-10%
$701
0%
$1,010
+10%
$1,320
+20%
$1,630
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-840300
Gravel · Off grid
0.8Mar 1, 2025$2,3003,0163,2393.7 mi
76
MI-240187
Gravel · Off grid
0.7Aug 16, 2024$3,3004,7595,2173.8 mi
75
MI-320790
Paved · Power at road
1.1May 6, 2025$7,0006,6495,1247.2 mi
71
MI-802229
Dirt · Power at road
3.0Jul 27, 2026$9,6003,1663,2476.3 mi
71
MI-752042
Dirt · Power at road
2.6Jun 16, 2026$11,8004,5034,6227.2 mi
70
MI-711018
Gravel · Off grid
1.3Mar 30, 2024$4,5003,5723,9975.3 mi
63
MI-592119
Gravel · Full utilities
2.8Dec 29, 2025$18,4006,6024,8777.3 mi
62
MI-392603
Dirt · Off grid
4.0Jan 26, 2025$16,2004,0895,2904.2 mi
58
MI-202178
Gravel · Full utilities
2.9May 8, 2024$27,2009,3467,3782.1 mi
57
MI-792606
Paved · Off grid
4.0Sep 27, 2024$18,1004,5764,3725.6 mi
54
Show adjustment detail for the top comp
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (18 mo)+6.1%

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.