← New search
Ontonagon County, MI · Sold

MI-725451

189 County Road 377

$94,500
$3,037/ac · 31.12 ac
Acreage31.12 ac
Price per acre$3,037/ac
ZoningUnzoned
Road accessDirt
UtilitiesFull utilities
TopographyFlat
ListedApr 26, 2026
Coordinates46.8131, -89.2946
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

1 item to verify before you offer.

Risk index
15
Low risk
Wetlands9.2% of tract

Little to no mapped wetland coverage.

Average slope2.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area26.84 of 31.12 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$102,634
$79,517$125,751 · $3,298/ac on 31.12 ac
Asking vs estimate
-7.9%
Priced below 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 $94,500
Maximum allowable offer
$58,648
$1,885/ac · +30.0% target margin

You need $35,852 off asking to hit this margin.

All-in cost$63,633
Net resale$94,423
Projected profit$30,790
ROI+48.4%
Annualized+69.3%
Break-even resale$2,223/ac
Profit if resale lands off target
-20%
$11,906
-10%
$21,348
0%
$30,790
+10%
$40,233
+20%
$49,675
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-125550
Paved · Off grid
33.4Jul 26, 2025$68,1002,0362,2512.2 mi
79
MI-916333
Gravel · Full utilities
59.0Jul 27, 2026$217,2003,6843,5814.7 mi
77
MI-735969
Dirt · Power at road
45.3Mar 27, 2026$134,0002,9583,9218.1 mi
77
MI-995497
Dirt · Full utilities
32.2Sep 2, 2024$123,7003,8464,1849.1 mi
76
MI-305949
Paved · Off grid
44.6Mar 9, 2026$93,1002,0862,3686.9 mi
75
MI-344546
Dirt · Power at road
16.2Apr 10, 2026$64,1003,9684,4907.0 mi
74
MI-714730
Dirt · Power at road
18.5Oct 24, 2025$56,4003,0563,5795.5 mi
73
MI-914216
Gravel · Off grid
12.7Jul 27, 2026$32,2002,5312,7924.6 mi
72
MI-874977
Paved · Off grid
22.1Apr 30, 2025$67,2003,0453,1904.7 mi
71
MI-295207
Gravel · Off grid
26.1Mar 7, 2024$51,2001,9642,6004.5 mi
70
Show adjustment detail for the top comp
  • Tract size (33.44 ac → 31.12 ac)+1.2%
  • Access (Paved → Dirt)-27.1%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (13 mo)+4.4%

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.