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Alger County, MI · Sold

MI-711018

4450 County Road 325

$4,700
$3,760/ac · 1.25 ac
Acreage1.25 ac
Price per acre$3,760/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedMar 14, 2024
Coordinates46.5219, -86.6783
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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
35
Moderate risk
Wetlands25.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.8%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

189 ft of deeded road frontage.

Power11,128 ft away

A long utility run — price in solar/off-grid instead.

Buildable area0.88 of 1.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$5,815
$4,473$7,157 · $4,652/ac on 1.25 ac
Asking vs estimate
-19.2%
Priced below 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 $4,700
Maximum allowable offer
$3,323
$2,658/ac · +30.0% target margin

You need $1,377 off asking to hit this margin.

All-in cost$3,605
Net resale$5,350
Projected profit$1,744
ROI+48.4%
Annualized+69.2%
Break-even resale$3,135/ac
Profit if resale lands off target
-20%
$675
-10%
$1,209
0%
$1,744
+10%
$2,279
+20%
$2,814
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-752042
Dirt · Power at road
2.6Jun 16, 2026$11,8004,5034,5446.5 mi
76
MI-690250
Dirt · Power at road
0.7Jul 27, 2026$3,2004,3754,3105.3 mi
76
MI-320790
Paved · Power at road
1.1May 6, 2025$7,0006,6495,0372.1 mi
76
MI-802229
Dirt · Power at road
3.0Jul 27, 2026$9,6003,1663,1911.2 mi
75
MI-840300
Gravel · Off grid
0.8Mar 1, 2025$2,3003,0163,1847.8 mi
71
MI-592119
Gravel · Full utilities
2.8Dec 29, 2025$18,4006,6024,7945.9 mi
70
MI-240187
Gravel · Off grid
0.7Aug 16, 2024$3,3004,7595,1287.8 mi
67
MI-202178
Gravel · Full utilities
2.9May 8, 2024$27,2009,3467,2523.7 mi
63
MI-792606
Paved · Off grid
4.0Sep 27, 2024$18,1004,5764,2971.7 mi
62
MI-392603
Dirt · Off grid
4.0Jan 26, 2025$16,2004,0895,2004.2 mi
62
Show adjustment detail for the top comp
  • Tract size (2.63 ac → 1.25 ac)+1.4%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (2 mo)+0.7%

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.