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Ontonagon County, MI · Sold

MI-458542

8758 County Road 2

$568,800
$1,947/ac · 292 ac
Acreage292 ac
Price per acre$1,947/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedApr 15, 2025
Coordinates46.8287, -89.3278
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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

2 items to verify before you offer.

Risk index
26
Low risk
Wetlands3.5% of tract

Little to no mapped wetland coverage.

Average slope26.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,520 ft of deeded road frontage.

Power106 ft away

Power at or near the road.

Buildable area169.14 of 292.13 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$554,809
$448,061$661,558 · $1,899/ac on 292 ac
Asking vs estimate
+2.5%
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 $568,800
Maximum allowable offer
$317,034
$1,085/ac · +30.0% target margin

You need $251,766 off asking to hit this margin.

All-in cost$343,982
Net resale$510,425
Projected profit$166,443
ROI+48.4%
Annualized+69.2%
Break-even resale$1,280/ac
Profit if resale lands off target
-20%
$64,358
-10%
$115,400
0%
$166,443
+10%
$217,485
+20%
$268,528
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-468685
Paved · Power at road
324.0Jun 19, 2026$913,9002,8202,4806.5 mi
84
MI-817631
Landlocked · Power at road
151.0Jul 27, 2026$183,1001,2121,4864.9 mi
77
MI-916333
Gravel · Full utilities
59.0Jul 27, 2026$217,2003,6842,0055.6 mi
69
MI-507230
Gravel · Power at road
112.9Aug 15, 2024$236,3002,0921,7493.4 mi
65
MI-316819
Gravel · Off grid
83.8Feb 4, 2025$154,5001,8431,6549.1 mi
59
Show adjustment detail for the top comp
  • Tract size (324.01 ac → 292.13 ac)+3.1%
  • Access (Paved → Gravel)-15.3%
  • Market time (2 mo)+0.7%

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.