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Ontonagon County, MI · Sold

MI-735969

5494 County Road 56

$134,400
$2,967/ac · 45.30 ac
Acreage45.30 ac
Price per acre$2,967/ac
ZoningMixed Use
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedDec 31, 2025
Coordinates46.8778, -89.1520
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

No material red flags on the mapped layers.

Risk index
6
Low risk
Wetlands5.7% of tract

Little to no mapped wetland coverage.

Average slope5.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,038 ft of deeded road frontage.

Power162 ft away

Power at or near the road.

Buildable area40.58 of 45.30 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$108,518
$82,744$134,291 · $2,396/ac on 45.30 ac
Asking vs estimate
+23.9%
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 $134,400
Maximum allowable offer
$62,010
$1,369/ac · +30.0% target margin

You need $72,390 off asking to hit this margin.

All-in cost$67,281
Net resale$99,836
Projected profit$32,555
ROI+48.4%
Annualized+69.3%
Break-even resale$1,614/ac
Profit if resale lands off target
-20%
$12,588
-10%
$22,572
0%
$32,555
+10%
$42,539
+20%
$52,523
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-305949
Paved · Off grid
44.6Mar 9, 2026$93,1002,0861,8164.7 mi
87
MI-916333
Gravel · Full utilities
59.0Jul 27, 2026$217,2003,6842,7453.4 mi
82
MI-725451
Dirt · Full utilities
31.1Jul 27, 2026$81,9002,6332,0238.1 mi
80
MI-995497
Dirt · Full utilities
32.2Sep 2, 2024$123,7003,8463,2084.2 mi
76
MI-125550
Paved · Off grid
33.4Jul 26, 2025$68,1002,0361,7268.5 mi
71
MI-344546
Dirt · Power at road
16.2Apr 10, 2026$64,1003,9683,44311.5 mi
69
MI-714730
Dirt · Power at road
18.5Oct 24, 2025$56,4003,0562,7449.9 mi
67
MI-817631
Landlocked · Power at road
151.0Jul 27, 2026$183,1001,2122,03512.1 mi
67
MI-316819
Gravel · Off grid
83.8Feb 4, 2025$154,5001,8432,2653.3 mi
66
MI-295207
Gravel · Off grid
26.1Mar 7, 2024$51,2001,9641,99312.1 mi
64
Show adjustment detail for the top comp
  • Access (Paved → Dirt)-27.1%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (5 mo)+1.8%

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.