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Ontonagon County, MI · Sold

MI-295207

2970 County Road 301

$62,000
$2,377/ac · 26.08 ac
Acreage26.08 ac
Price per acre$2,377/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedOct 29, 2023
Coordinates46.8096, -89.3885
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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

4 items to verify before you offer.

Risk index
45
Moderate risk
Wetlands39.1% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.2%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

1,105 ft of deeded road frontage.

Power5,962 ft away

A long utility run — price in solar/off-grid instead.

Buildable area15.09 of 26.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$71,234
$55,232$87,235 · $2,731/ac on 26.08 ac
Asking vs estimate
-13.0%
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 $62,000
Maximum allowable offer
$40,705
$1,561/ac · +30.0% target margin

You need $21,295 off asking to hit this margin.

All-in cost$44,165
Net resale$65,535
Projected profit$21,370
ROI+48.4%
Annualized+69.2%
Break-even resale$1,841/ac
Profit if resale lands off target
-20%
$8,263
-10%
$14,817
0%
$21,370
+10%
$27,924
+20%
$34,477
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-725451
Dirt · Full utilities
31.1Jul 27, 2026$81,9002,6332,1974.5 mi
84
MI-305949
Paved · Off grid
44.6Mar 9, 2026$93,1002,0861,9729.6 mi
77
MI-914216
Gravel · Off grid
12.7Jul 27, 2026$32,2002,5312,3258.6 mi
77
MI-125550
Paved · Off grid
33.4Jul 26, 2025$68,1002,0361,8755.8 mi
75
MI-344546
Dirt · Power at road
16.2Apr 10, 2026$64,1003,9683,7395.3 mi
75
MI-735969
Dirt · Power at road
45.3Mar 27, 2026$134,0002,9583,26512.1 mi
74
MI-916333
Gravel · Full utilities
59.0Jul 27, 2026$217,2003,6842,9828.7 mi
73
MI-874977
Paved · Off grid
22.1Apr 30, 2025$67,2003,0452,6578.8 mi
73
MI-714730
Dirt · Power at road
18.5Oct 24, 2025$56,4003,0562,9808.5 mi
71
MI-995497
Dirt · Full utilities
32.2Sep 2, 2024$123,7003,8463,48412.0 mi
71
Show adjustment detail for the top comp
  • Tract size (31.12 ac → 26.08 ac)+2.8%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Full utilities → Off grid)-30.3%

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.