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Ontonagon County, MI · Sold

MI-360467

8696 County Road 353

$1,900
$2,262/ac · 0.84 ac
Acreage0.84 ac
Price per acre$2,262/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedApr 27, 2025
Coordinates46.9136, -89.2374
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

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

View Ontonagon market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
34
Moderate risk
Wetlands9.7% of tract

Little to no mapped wetland coverage.

Average slope1.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power2,630 ft away

Service extension needed; get a utility quote.

Buildable area0.72 of 0.84 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,723
$1,264$2,183 · $2,052/ac on 0.84 ac
Asking vs estimate
+10.2%
Priced above the comp set

Weighted from 9 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 $1,900
Maximum allowable offer
$985
$1,172/ac · +30.0% target margin

You need $915 off asking to hit this margin.

All-in cost$1,069
Net resale$1,586
Projected profit$517
ROI+48.4%
Annualized+69.2%
Break-even resale$1,383/ac
Profit if resale lands off target
-20%
$200
-10%
$358
0%
$517
+10%
$675
+20%
$834
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-260378
Dirt · Full utilities
0.8Jul 27, 2026$4,0005,1092,8194.1 mi
86
MI-340210
Gravel · Power at road
0.7Jul 27, 2026$1,9002,6811,5514.3 mi
84
MI-130351
Dirt · Off grid
0.8Feb 9, 2025$2,5003,2182,7046.1 mi
80
MI-221494
Gravel · Power at road
1.8Jul 1, 2026$4,6002,5901,5199.0 mi
71
MI-901939
Gravel · Power at road
2.4Jul 27, 2026$6,6002,6931,5865.8 mi
70
MI-510621
Gravel · Power at road
0.9Feb 12, 2025$2,0002,1701,33511.8 mi
70
MI-980890
Landlocked · Full utilities
1.1Jan 19, 2025$3,1002,7622,05810.3 mi
69
MI-362138
Landlocked · Full utilities
2.8Jan 2, 2025$9,5003,3802,5662.3 mi
63
MI-312136
Gravel · Power at road
2.8Sep 26, 2025$10,3003,6572,23713.9 mi
62
Show adjustment detail for the top comp
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Full utilities → Off grid)-30.3%

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.