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Allegan County, MI · Sold

MI-467370

5450 County Road 281

$359,700
$2,878/ac · 125 ac
Acreage125 ac
Price per acre$2,878/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographyRolling
ListedMar 27, 2026
Coordinates42.4786, -86.2367
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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

Allegan County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.

View Allegan market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
30
Low risk
Wetlands0.0% of tract

Little to no mapped wetland coverage.

Average slope9.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power44 ft away

Power at or near the road.

Buildable area118.73 of 124.98 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$377,768
$284,275$471,261 · $3,023/ac on 125 ac
Asking vs estimate
-4.8%
In line with the comp set

Weighted from 5 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 $359,700
Maximum allowable offer
$215,867
$1,727/ac · +30.0% target margin

You need $143,833 off asking to hit this margin.

All-in cost$234,216
Net resale$347,547
Projected profit$113,331
ROI+48.4%
Annualized+69.3%
Break-even resale$2,037/ac
Profit if resale lands off target
-20%
$43,822
-10%
$78,576
0%
$113,331
+10%
$148,086
+20%
$182,840
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-167930
Gravel · Off grid
187.5Jul 27, 2026$694,4003,7033,3099.7 mi
76
MI-428453
Paved · Full utilities
273.9Jul 27, 2026$1,201,6004,3872,5766.8 mi
73
MI-546392
Dirt · Off grid
61.5Jul 27, 2026$211,9003,4432,7127.9 mi
73
MI-968097
Dirt · Off grid
211.6Sep 5, 2025$825,6003,9014,3495.8 mi
69
MI-966175
Gravel · Off grid
52.6Feb 8, 2026$169,5003,2232,1546.6 mi
67
Show adjustment detail for the top comp
  • Tract size (187.51 ac → 124.98 ac)+11.5%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Off grid → Power at road)+17.6%

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.