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Allegan County, MI · Sold

MI-428453

2839 County Road 187

$1,207,600
$4,409/ac · 274 ac
Acreage274 ac
Price per acre$4,409/ac
ZoningMixed Use
Road accessPaved
UtilitiesFull utilities
TopographyRolling
ListedJun 21, 2026
Coordinates42.3878, -86.1836
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

No material red flags on the mapped layers.

Risk index
8
Low risk
Wetlands5.4% of tract

Little to no mapped wetland coverage.

Average slope7.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,284 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area246.14 of 273.89 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,540,419
$1,290,408$1,790,430 · $5,624/ac on 274 ac
Asking vs estimate
-21.6%
Priced below 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 $1,207,600
Maximum allowable offer
$880,239
$3,214/ac · +30.0% target margin

You need $327,361 off asking to hit this margin.

All-in cost$955,059
Net resale$1,417,186
Projected profit$462,126
ROI+48.4%
Annualized+69.2%
Break-even resale$3,790/ac
Profit if resale lands off target
-20%
$178,689
-10%
$320,408
0%
$462,126
+10%
$603,845
+20%
$745,563
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-167930
Gravel · Off grid
187.5Jul 27, 2026$694,4003,7035,6482.9 mi
80
MI-859353
Paved · Off grid
525.7May 16, 2026$1,465,8002,7884,9061.2 mi
79
MI-467370
Landlocked · Power at road
125.0Jul 27, 2026$374,4002,9965,1256.8 mi
73
MI-968097
Dirt · Off grid
211.6Sep 5, 2025$825,6003,9017,4228.3 mi
72
MI-139507
Gravel · Power at road
587.7May 18, 2025$1,571,3002,6745,0823.2 mi
70
Show adjustment detail for the top comp
  • Tract size (187.51 ac → 273.89 ac)-10.1%
  • Access (Gravel → Paved)+18.0%
  • Utilities (Off grid → Full utilities)+43.5%

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.