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Allegan County, MI · Sold

MI-240562

8365 County Road 348

$6,000
$6,667/ac · 0.90 ac
Acreage0.90 ac
Price per acre$6,667/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedDec 17, 2023
Coordinates42.4417, -86.3496
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

5 items to verify before you offer.

Risk index
34
Moderate risk
Wetlands18.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.1%

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.

Power10,120 ft away

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

Buildable area0.69 of 0.90 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,075
$3,535$4,615 · $4,528/ac on 0.90 ac
Asking vs estimate
+47.2%
Priced above 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 $6,000
Maximum allowable offer
$2,329
$2,587/ac · +30.0% target margin

You need $3,671 off asking to hit this margin.

All-in cost$2,527
Net resale$3,749
Projected profit$1,222
ROI+48.4%
Annualized+69.2%
Break-even resale$3,052/ac
Profit if resale lands off target
-20%
$472
-10%
$847
0%
$1,222
+10%
$1,597
+20%
$1,972
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-560152
Gravel · Power at road
0.7Jun 3, 2024$4,6006,9295,5203.4 mi
73
MI-912825
Dirt · Off grid
4.6Jul 27, 2026$18,0003,8784,0328.4 mi
68
MI-972020
Dirt · Off grid
2.6Nov 6, 2025$12,6004,8685,1137.4 mi
67
MI-552844
Dirt · Power at road
4.7Jul 27, 2026$22,5004,7864,2317.4 mi
67
MI-452500
Gravel · Off grid
3.7May 18, 2026$17,4004,7304,2246.9 mi
66
MI-182803
Paved · Full utilities
4.6Jun 28, 2026$34,0007,4423,9393.9 mi
66
Show adjustment detail for the top comp
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (26 mo)+9.2%

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.