← New search
Ontonagon County, MI · Sold

MI-817631

557 County Road 290

$189,500
$1,255/ac · 151 ac
Acreage151 ac
Price per acre$1,255/ac
ZoningResidential
Road accessLandlocked
UtilitiesPower at road
TopographyWooded
ListedFeb 1, 2026
Coordinates46.7584, -89.3382
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

4 items to verify before you offer.

Risk index
45
Moderate risk
Wetlands15.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power9 ft away

Power at or near the road.

Buildable area120.63 of 150.99 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$237,085
$194,209$279,961 · $1,570/ac on 151 ac
Asking vs estimate
-20.1%
Priced below the comp set

Weighted from 7 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 $189,500
Maximum allowable offer
$135,477
$897/ac · +30.0% target margin

You need $54,023 off asking to hit this margin.

All-in cost$146,993
Net resale$218,118
Projected profit$71,126
ROI+48.4%
Annualized+69.3%
Break-even resale$1,058/ac
Profit if resale lands off target
-20%
$27,502
-10%
$49,314
0%
$71,126
+10%
$92,938
+20%
$114,749
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-468685
Paved · Power at road
324.0Jun 19, 2026$913,9002,8202,02811.3 mi
75
MI-507230
Gravel · Power at road
112.9Aug 15, 2024$236,3002,0921,4301.6 mi
73
MI-458542
Gravel · Power at road
292.1Aug 26, 2025$538,7001,8441,5694.9 mi
70
MI-916333
Gravel · Full utilities
59.0Jul 27, 2026$217,2003,6841,6408.8 mi
69
MI-735969
Dirt · Power at road
45.3Mar 27, 2026$134,0002,9581,79512.1 mi
64
MI-316819
Gravel · Off grid
83.8Feb 4, 2025$154,5001,8431,35313.1 mi
62
MI-305949
Paved · Off grid
44.6Mar 9, 2026$93,1002,0861,08511.1 mi
62
Show adjustment detail for the top comp
  • Tract size (324.01 ac → 150.99 ac)+23.9%
  • Access (Paved → Landlocked)-42.4%
  • Market time (2 mo)+0.7%

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.