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Ontonagon County, MI · Sold

MI-507230

2280 County Road 215

$243,100
$2,153/ac · 113 ac
Acreage113 ac
Price per acre$2,153/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedMar 17, 2024
Coordinates46.7813, -89.3427
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

2 items to verify before you offer.

Risk index
11
Low risk
Wetlands10.8% of tract

Little to no mapped wetland coverage.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

984 ft of deeded road frontage.

Power240 ft away

Power at or near the road.

Buildable area95.70 of 112.93 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$262,388
$204,394$320,381 · $2,323/ac on 113 ac
Asking vs estimate
-7.4%
Priced below the comp set

Weighted from 8 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 $243,100
Maximum allowable offer
$149,936
$1,328/ac · +30.0% target margin

You need $93,164 off asking to hit this margin.

All-in cost$162,681
Net resale$241,397
Projected profit$78,716
ROI+48.4%
Annualized+69.2%
Break-even resale$1,566/ac
Profit if resale lands off target
-20%
$30,437
-10%
$54,576
0%
$78,716
+10%
$102,856
+20%
$126,996
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-817631
Landlocked · Power at road
151.0Jul 27, 2026$183,1001,2121,9271.6 mi
85
MI-916333
Gravel · Full utilities
59.0Jul 27, 2026$217,2003,6842,6007.8 mi
76
MI-316819
Gravel · Off grid
83.8Feb 4, 2025$154,5001,8432,14512.0 mi
73
MI-458542
Gravel · Power at road
292.1Aug 26, 2025$538,7001,8442,4893.4 mi
70
MI-468685
Paved · Power at road
324.0Jun 19, 2026$913,9002,8203,2169.8 mi
68
MI-735969
Dirt · Power at road
45.3Mar 27, 2026$134,0002,9582,84711.2 mi
67
MI-305949
Paved · Off grid
44.6Mar 9, 2026$93,1002,0861,7209.8 mi
65
MI-125550
Paved · Off grid
33.4Jul 26, 2025$68,1002,0361,6353.4 mi
62
Show adjustment detail for the top comp
  • Tract size (150.99 ac → 112.93 ac)+7.8%
  • Access (Landlocked → Gravel)+47.1%

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.