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Ontonagon County, MI · Sold

MI-995497

4534 County Road 48

$139,200
$4,326/ac · 32.18 ac
Acreage32.18 ac
Price per acre$4,326/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedApr 5, 2024
Coordinates46.9283, -89.2030
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
16
Low risk
Wetlands0.4% of tract

Little to no mapped wetland coverage.

Average slope11.3%

Rolling to steep in places; pad prep likely.

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 area30.45 of 32.18 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$100,236
$77,839$122,632 · $3,115/ac on 32.18 ac
Asking vs estimate
+38.9%
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 $139,200
Maximum allowable offer
$57,277
$1,780/ac · +30.0% target margin

You need $81,923 off asking to hit this margin.

All-in cost$62,146
Net resale$92,217
Projected profit$30,071
ROI+48.4%
Annualized+69.3%
Break-even resale$2,099/ac
Profit if resale lands off target
-20%
$11,628
-10%
$20,849
0%
$30,071
+10%
$39,293
+20%
$48,515
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-725451
Dirt · Full utilities
31.1Jul 27, 2026$81,9002,6332,6249.1 mi
88
MI-735969
Dirt · Power at road
45.3Mar 27, 2026$134,0002,9583,8994.2 mi
85
MI-305949
Paved · Off grid
44.6Mar 9, 2026$93,1002,0862,3552.4 mi
83
MI-916333
Gravel · Full utilities
59.0Jul 27, 2026$217,2003,6843,5615.1 mi
78
MI-125550
Paved · Off grid
33.4Jul 26, 2025$68,1002,0362,23910.3 mi
75
MI-914216
Gravel · Off grid
12.7Jul 27, 2026$32,2002,5312,7765.3 mi
72
MI-344546
Dirt · Power at road
16.2Apr 10, 2026$64,1003,9684,4669.6 mi
72
MI-295207
Gravel · Off grid
26.1Mar 7, 2024$51,2001,9642,58612.0 mi
69
MI-714730
Dirt · Power at road
18.5Oct 24, 2025$56,4003,0563,55912.7 mi
68
MI-874977
Paved · Off grid
22.1Apr 30, 2025$67,2003,0453,17310.4 mi
67
Show adjustment detail for the top comp
  • Tract size (31.12 ac → 32.18 ac)-0.5%

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.