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Marathon County, WI · Sold

WI-355862

9397 County Road 23

$121,000
$2,886/ac · 41.92 ac
Acreage41.92 ac
Price per acre$2,886/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedFeb 3, 2024
Coordinates44.9108, -89.6299
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

Marathon County, Wisconsin. Driftless recreational tracts and northwoods hunting land.

View Marathon market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
24
Low risk
Wetlands16.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,520 ft of deeded road frontage.

Power10,148 ft away

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

Buildable area33.25 of 41.92 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$112,868
$86,792$138,944 · $2,692/ac on 41.92 ac
Asking vs estimate
+7.2%
Priced above the comp set

Weighted from 7 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 $121,000
Maximum allowable offer
$64,496
$1,539/ac · +30.0% target margin

You need $56,504 off asking to hit this margin.

All-in cost$69,978
Net resale$103,838
Projected profit$33,860
ROI+48.4%
Annualized+69.2%
Break-even resale$1,814/ac
Profit if resale lands off target
-20%
$13,093
-10%
$23,476
0%
$33,860
+10%
$44,244
+20%
$54,628
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
WI-855774
Dirt · Off grid
39.3Jul 8, 2026$97,6002,4812,8638.4 mi
85
WI-595778
Dirt · Power at road
39.4Jul 1, 2025$153,5003,8923,9840.1 mi
80
WI-246105
Paved · Full utilities
50.0Feb 2, 2026$201,6004,0322,51812.5 mi
74
WI-874258
Gravel · Off grid
13.1Apr 30, 2026$30,5002,3261,9992.6 mi
73
WI-154184
Gravel · Off grid
12.4Jul 27, 2026$32,1002,5842,1878.1 mi
72
WI-535231
Dirt · Full utilities
26.5Oct 24, 2024$77,9002,9342,3687.3 mi
70
WI-344211
Landlocked · Full utilities
12.7Apr 9, 2026$39,9003,1452,76711.6 mi
62
Show adjustment detail for the top comp
  • Tract size (39.33 ac → 41.92 ac)-1.2%
  • Access (Dirt → Gravel)+16.3%
  • Market time (1 mo)+0.4%

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.