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Allegan County, MI · Sold

MI-546392

8431 County Road 264

$241,900
$3,931/ac · 61.54 ac
Acreage61.54 ac
Price per acre$3,931/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedSep 27, 2025
Coordinates42.3870, -86.3305
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

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

View Allegan market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
27
Low risk
Wetlands15.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,403 ft of deeded road frontage.

Power14,418 ft away

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

Buildable area49.23 of 61.54 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$247,926
$196,579$299,272 · $4,029/ac on 61.54 ac
Asking vs estimate
-2.4%
In line with the comp set

Weighted from 6 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 $241,900
Maximum allowable offer
$141,672
$2,302/ac · +30.0% target margin

You need $100,228 off asking to hit this margin.

All-in cost$153,714
Net resale$228,091
Projected profit$74,377
ROI+48.4%
Annualized+69.2%
Break-even resale$2,715/ac
Profit if resale lands off target
-20%
$28,759
-10%
$51,568
0%
$74,377
+10%
$97,187
+20%
$119,996
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-966175
Gravel · Off grid
52.6Feb 8, 2026$169,5003,2232,7403.6 mi
82
MI-345638
Paved · Off grid
35.6Jul 27, 2026$224,9006,3114,1447.1 mi
78
MI-467370
Landlocked · Power at road
125.0Jul 27, 2026$374,4002,9963,8207.9 mi
73
MI-167930
Gravel · Off grid
187.5Jul 27, 2026$694,4003,7034,2109.6 mi
69
MI-968097
Dirt · Off grid
211.6Sep 5, 2025$825,6003,9015,5333.4 mi
67
MI-534838
Paved · Power at road
20.0Mar 14, 2024$141,4007,0863,9858.0 mi
55
Show adjustment detail for the top comp
  • Tract size (52.59 ac → 61.54 ac)-3.2%
  • Access (Gravel → Dirt)-14.0%
  • Market time (6 mo)+2.2%

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.