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Allegan County, MI · Sold

MI-139507

9350 County Road 263

$1,848,600
$3,145/ac · 588 ac
Acreage588 ac
Price per acre$3,145/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedMay 24, 2024
Coordinates42.4279, -86.2144
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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

2 items to verify before you offer.

Risk index
19
Low risk
Wetlands3.1% of tract

Little to no mapped wetland coverage.

Average slope11.6%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power210 ft away

Power at or near the road.

Buildable area541.03 of 587.73 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,762,633
$1,435,958$2,089,307 · $2,999/ac on 588 ac
Asking vs estimate
+4.9%
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 $1,848,600
Maximum allowable offer
$1,007,219
$1,714/ac · +30.0% target margin

You need $841,381 off asking to hit this margin.

All-in cost$1,092,833
Net resale$1,621,622
Projected profit$528,789
ROI+48.4%
Annualized+69.2%
Break-even resale$2,021/ac
Profit if resale lands off target
-20%
$204,465
-10%
$366,627
0%
$528,789
+10%
$690,952
+20%
$853,114
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-859353
Paved · Off grid
525.7May 16, 2026$1,465,8002,7882,7163.9 mi
83
MI-428453
Paved · Full utilities
273.9Jul 27, 2026$1,201,6004,3872,4343.2 mi
79
MI-167930
Gravel · Off grid
187.5Jul 27, 2026$694,4003,7033,1266.1 mi
72
MI-467370
Landlocked · Power at road
125.0Jul 27, 2026$374,4002,9962,8373.7 mi
69
MI-968097
Dirt · Off grid
211.6Sep 5, 2025$825,6003,9014,1096.1 mi
63
Show adjustment detail for the top comp
  • Tract size (525.68 ac → 587.73 ac)-3.3%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (3 mo)+1.0%

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.