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Ontonagon County, MI · Sold

MI-552831

4138 County Road 368

$15,700
$3,369/ac · 4.66 ac
Acreage4.66 ac
Price per acre$3,369/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedSep 8, 2024
Coordinates46.8043, -89.2105
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

No material red flags on the mapped layers.

Risk index
7
Low risk
Wetlands5.9% of tract

Little to no mapped wetland coverage.

Average slope6.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

443 ft of deeded road frontage.

Power233 ft away

Power at or near the road.

Buildable area4.17 of 4.66 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$13,863
$10,466$17,261 · $2,975/ac on 4.66 ac
Asking vs estimate
+13.2%
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 $15,700
Maximum allowable offer
$7,922
$1,700/ac · +30.0% target margin

You need $7,778 off asking to hit this margin.

All-in cost$8,595
Net resale$12,754
Projected profit$4,159
ROI+48.4%
Annualized+69.2%
Break-even resale$2,005/ac
Profit if resale lands off target
-20%
$1,608
-10%
$2,884
0%
$4,159
+10%
$5,434
+20%
$6,710
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-783276
Dirt · Power at road
6.4Mar 12, 2026$12,9002,0102,0792.4 mi
87
MI-662542
Gravel · Power at road
3.8Jul 27, 2026$11,5003,0372,5972.4 mi
86
MI-221494
Gravel · Power at road
1.8Jul 1, 2026$4,6002,5902,1783.2 mi
78
MI-683102
Dirt · Power at road
5.7Mar 19, 2025$19,7003,4693,7093.5 mi
78
MI-901939
Gravel · Power at road
2.4Jul 27, 2026$6,6002,6932,27311.4 mi
78
MI-993169
Dirt · Off grid
6.0Jun 11, 2024$15,3002,5673,3366.7 mi
75
MI-914216
Gravel · Off grid
12.7Jul 27, 2026$32,2002,5312,7443.4 mi
72
MI-312136
Gravel · Power at road
2.8Sep 26, 2025$10,3003,6573,2069.2 mi
70
MI-344546
Dirt · Power at road
16.2Apr 10, 2026$64,1003,9684,41310.4 mi
68
MI-362138
Landlocked · Full utilities
2.8Jan 2, 2025$9,5003,3803,6785.4 mi
66
Show adjustment detail for the top comp
  • Tract size (6.44 ac → 4.66 ac)+1.6%
  • Market time (5 mo)+1.8%

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.