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Ontonagon County, MI · Sold

MI-130351

1475 County Road 282

$2,500
$3,247/ac · 0.77 ac
Acreage0.77 ac
Price per acre$3,247/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedDec 21, 2023
Coordinates46.8260, -89.2388
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
18
Low risk
Wetlands12.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

168 ft of deeded road frontage.

Power2,602 ft away

Service extension needed; get a utility quote.

Buildable area0.64 of 0.77 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,818
$1,341$2,295 · $2,361/ac on 0.77 ac
Asking vs estimate
+37.5%
Priced above 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 $2,500
Maximum allowable offer
$1,039
$1,349/ac · +30.0% target margin

You need $1,461 off asking to hit this margin.

All-in cost$1,127
Net resale$1,673
Projected profit$545
ROI+48.4%
Annualized+69.2%
Break-even resale$1,591/ac
Profit if resale lands off target
-20%
$211
-10%
$378
0%
$545
+10%
$712
+20%
$880
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-260378
Dirt · Full utilities
0.8Jul 27, 2026$4,0005,1093,5682.0 mi
90
MI-340210
Gravel · Power at road
0.7Jul 27, 2026$1,9002,6811,9632.1 mi
86
MI-360467
Landlocked · Off grid
0.8May 23, 2025$1,6001,8932,5206.1 mi
81
MI-221494
Gravel · Power at road
1.8Jul 1, 2026$4,6002,5901,9233.2 mi
73
MI-510621
Gravel · Power at road
0.9Feb 12, 2025$2,0002,1701,6905.7 mi
72
MI-980890
Landlocked · Full utilities
1.1Jan 19, 2025$3,1002,7622,6045.3 mi
68
MI-901939
Gravel · Power at road
2.4Jul 27, 2026$6,6002,6932,0079.4 mi
67
Show adjustment detail for the top comp
  • 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.