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Ontonagon County, MI · Sold

MI-980890

8091 County Road 50

$3,400
$2,982/ac · 1.14 ac
Acreage1.14 ac
Price per acre$2,982/ac
ZoningResidential
Road accessLandlocked
UtilitiesFull utilities
TopographySloped
ListedOct 4, 2024
Coordinates46.7764, -89.3238
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

3 items to verify before you offer.

Risk index
51
Moderate risk
Wetlands6.5% of tract

Little to no mapped wetland coverage.

Average slope25.7%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area0.64 of 1.14 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,264
$2,420$4,108 · $2,863/ac on 1.14 ac
Asking vs estimate
+4.2%
In line with 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 $3,400
Maximum allowable offer
$1,865
$1,636/ac · +30.0% target margin

You need $1,535 off asking to hit this margin.

All-in cost$2,024
Net resale$3,003
Projected profit$979
ROI+48.4%
Annualized+69.3%
Break-even resale$1,929/ac
Profit if resale lands off target
-20%
$379
-10%
$679
0%
$979
+10%
$1,279
+20%
$1,580
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-340210
Gravel · Power at road
0.7Jul 27, 2026$1,9002,6812,2197.3 mi
80
MI-260378
Dirt · Full utilities
0.8Jul 27, 2026$4,0005,1094,0346.8 mi
80
MI-221494
Gravel · Power at road
1.8Jul 1, 2026$4,6002,5902,1742.6 mi
79
MI-510621
Gravel · Power at road
0.9Feb 12, 2025$2,0002,1701,9103.8 mi
73
MI-360467
Landlocked · Off grid
0.8May 23, 2025$1,6001,8932,84910.3 mi
71
MI-901939
Gravel · Power at road
2.4Jul 27, 2026$6,6002,6932,26911.0 mi
70
MI-130351
Dirt · Off grid
0.8Feb 9, 2025$2,5003,2183,8695.3 mi
69
MI-662542
Gravel · Power at road
3.8Jul 27, 2026$11,5003,0372,5926.3 mi
68
MI-312136
Gravel · Power at road
2.8Sep 26, 2025$10,3003,6573,2003.7 mi
67
MI-362138
Landlocked · Full utilities
2.8Jan 2, 2025$9,5003,3803,6718.2 mi
64
Show adjustment detail for the top comp
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Power at road → Full utilities)+22.0%

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.