← New search
Ontonagon County, MI · Sold

MI-362138

7212 County Road 302

$9,300
$3,298/ac · 2.82 ac
Acreage2.82 ac
Price per acre$3,298/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesFull utilities
TopographyFlat
ListedNov 22, 2024
Coordinates46.8802, -89.2412
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
47
Moderate risk
Wetlands20.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.5%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area2.13 of 2.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$7,900
$6,316$9,484 · $2,801/ac on 2.82 ac
Asking vs estimate
+17.7%
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 $9,300
Maximum allowable offer
$4,514
$1,601/ac · +30.0% target margin

You need $4,786 off asking to hit this margin.

All-in cost$4,898
Net resale$7,268
Projected profit$2,370
ROI+48.4%
Annualized+69.3%
Break-even resale$1,888/ac
Profit if resale lands off target
-20%
$917
-10%
$1,644
0%
$2,370
+10%
$3,097
+20%
$3,824
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-662542
Gravel · Power at road
3.8Jul 27, 2026$11,5003,0372,5497.9 mi
84
MI-901939
Gravel · Power at road
2.4Jul 27, 2026$6,6002,6932,2316.6 mi
83
MI-221494
Gravel · Power at road
1.8Jul 1, 2026$4,6002,5902,1386.7 mi
77
MI-312136
Gravel · Power at road
2.8Sep 26, 2025$10,3003,6573,14711.8 mi
75
MI-783276
Dirt · Power at road
6.4Mar 12, 2026$12,9002,0102,0416.2 mi
69
MI-552831
Dirt · Power at road
4.7Nov 18, 2024$16,2003,4843,6705.4 mi
66
MI-360467
Landlocked · Off grid
0.8May 23, 2025$1,6001,8932,8012.3 mi
65
MI-980890
Landlocked · Full utilities
1.1Jan 19, 2025$3,1002,7622,8958.2 mi
64
MI-683102
Dirt · Power at road
5.7Mar 19, 2025$19,7003,4693,6407.1 mi
63
MI-993169
Dirt · Off grid
6.0Jun 11, 2024$15,3002,5673,2745.7 mi
61
Show adjustment detail for the top comp
  • Tract size (3.78 ac → 2.82 ac)+0.9%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Power at road → Full utilities)+22.0%

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.