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Alger County, MI · Sold

MI-503894

9129 County Road 10

$52,200
$5,179/ac · 10.08 ac
Acreage10.08 ac
Price per acre$5,179/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedJan 1, 2024
Coordinates46.4802, -86.5413
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
Wetlands15.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.9%

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.

Power210 ft away

Power at or near the road.

Buildable area8.07 of 10.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$43,492
$31,314$55,669 · $4,315/ac on 10.08 ac
Asking vs estimate
+20.0%
Priced above 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 $52,200
Maximum allowable offer
$24,852
$2,466/ac · +30.0% target margin

You need $27,348 off asking to hit this margin.

All-in cost$26,964
Net resale$40,012
Projected profit$13,048
ROI+48.4%
Annualized+69.3%
Break-even resale$2,908/ac
Profit if resale lands off target
-20%
$5,045
-10%
$9,047
0%
$13,048
+10%
$17,049
+20%
$21,050
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-833771
Dirt · Power at road
9.2Apr 1, 2026$29,0003,1403,1675.5 mi
86
MI-802229
Dirt · Power at road
3.0Jul 27, 2026$9,6003,1662,9828.0 mi
77
MI-193351
Landlocked · Power at road
6.8May 26, 2024$18,0002,6543,5711.9 mi
70
MI-363186
Dirt · Full utilities
6.0Mar 15, 2025$25,9004,3023,6117.3 mi
69
MI-675445
Dirt · Off grid
31.0Mar 22, 2026$146,1004,7136,4495.4 mi
69
MI-464649
Dirt · Power at road
17.4Aug 20, 2024$56,9003,2693,73810.5 mi
67
MI-105228
Dirt · Full utilities
26.5Apr 19, 2024$129,0004,8724,8921.3 mi
64
MI-392603
Dirt · Off grid
4.0Jan 26, 2025$16,2004,0894,8595.8 mi
63
MI-792606
Paved · Off grid
4.0Sep 27, 2024$18,1004,5764,0157.2 mi
59
MI-202178
Gravel · Full utilities
2.9May 8, 2024$27,2009,3466,7763.9 mi
57
Show adjustment detail for the top comp
  • Tract size (9.22 ac → 10.08 ac)-0.7%
  • Market time (4 mo)+1.6%

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.