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Ontonagon County, MI · Sold

MI-344546

8995 County Road 61

$62,200
$3,849/ac · 16.16 ac
Acreage16.16 ac
Price per acre$3,849/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedFeb 4, 2026
Coordinates46.8860, -89.3961
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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

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

View Ontonagon market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
19
Low risk
Wetlands18.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

924 ft of deeded road frontage.

Power190 ft away

Power at or near the road.

Buildable area12.47 of 16.16 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$42,220
$33,847$50,593 · $2,613/ac on 16.16 ac
Asking vs estimate
+47.3%
Priced above the comp set

Weighted from 10 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 $62,200
Maximum allowable offer
$24,126
$1,493/ac · +30.0% target margin

You need $38,074 off asking to hit this margin.

All-in cost$26,177
Net resale$38,842
Projected profit$12,666
ROI+48.4%
Annualized+69.2%
Break-even resale$1,761/ac
Profit if resale lands off target
-20%
$4,897
-10%
$8,782
0%
$12,666
+10%
$16,550
+20%
$20,434
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-914216
Gravel · Off grid
12.7Jul 27, 2026$32,2002,5312,5038.7 mi
84
MI-714730
Dirt · Power at road
18.5Oct 24, 2025$56,4003,0563,20912.4 mi
83
MI-725451
Dirt · Full utilities
31.1Jul 27, 2026$81,9002,6332,3667.0 mi
77
MI-874977
Paved · Off grid
22.1Apr 30, 2025$67,2003,0452,86111.6 mi
72
MI-394293
Dirt · Off grid
13.4Feb 27, 2025$34,3002,5503,12411.8 mi
71
MI-783276
Dirt · Power at road
6.4Mar 12, 2026$12,9002,0101,89712.3 mi
69
MI-735969
Dirt · Power at road
45.3Mar 27, 2026$134,0002,9583,51611.5 mi
68
MI-305949
Paved · Off grid
44.6Mar 9, 2026$93,1002,0862,1247.3 mi
66
MI-295207
Gravel · Off grid
26.1Mar 7, 2024$51,2001,9642,3315.3 mi
64
MI-125550
Paved · Off grid
33.4Jul 26, 2025$68,1002,0362,0199.1 mi
64
Show adjustment detail for the top comp
  • Tract size (12.72 ac → 16.16 ac)-2.4%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Off grid → Power at road)+17.6%

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.