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Ontonagon County, MI · Sold

MI-874977

8240 County Road 353

$66,300
$3,003/ac · 22.08 ac
Acreage22.08 ac
Price per acre$3,003/ac
ZoningResidential
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedJan 1, 2025
Coordinates46.7777, -89.2089
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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
17
Low risk
Wetlands3.4% of tract

Little to no mapped wetland coverage.

Average slope8.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power1,762 ft away

Service extension needed; get a utility quote.

Buildable area20.26 of 22.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$70,385
$54,692$86,077 · $3,188/ac on 22.08 ac
Asking vs estimate
-5.8%
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 $66,300
Maximum allowable offer
$40,220
$1,822/ac · +30.0% target margin

You need $26,080 off asking to hit this margin.

All-in cost$43,639
Net resale$64,754
Projected profit$21,115
ROI+48.4%
Annualized+69.2%
Break-even resale$2,148/ac
Profit if resale lands off target
-20%
$8,164
-10%
$14,640
0%
$21,115
+10%
$27,591
+20%
$34,066
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-914216
Gravel · Off grid
12.7Jul 27, 2026$32,2002,5312,8095.2 mi
83
MI-714730
Dirt · Power at road
18.5Oct 24, 2025$56,4003,0563,6012.5 mi
82
MI-725451
Dirt · Full utilities
31.1Jul 27, 2026$81,9002,6332,6554.7 mi
80
MI-344546
Dirt · Power at road
16.2Apr 10, 2026$64,1003,9684,51811.6 mi
78
MI-125550
Paved · Off grid
33.4Jul 26, 2025$68,1002,0362,2653.0 mi
77
MI-305949
Paved · Off grid
44.6Mar 9, 2026$93,1002,0862,3839.0 mi
73
MI-394293
Dirt · Off grid
13.4Feb 27, 2025$34,3002,5503,5050.8 mi
72
MI-916333
Gravel · Full utilities
59.0Jul 27, 2026$217,2003,6843,6035.3 mi
71
MI-735969
Dirt · Power at road
45.3Mar 27, 2026$134,0002,9583,9457.4 mi
70
MI-295207
Gravel · Off grid
26.1Mar 7, 2024$51,2001,9642,6168.8 mi
69
Show adjustment detail for the top comp
  • Tract size (12.72 ac → 22.08 ac)-6.1%
  • Access (Gravel → Paved)+18.0%

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.