← New search
Ontonagon County, MI · Sold

MI-316819

6933 County Road 57

$159,300
$1,900/ac · 83.85 ac
Acreage83.85 ac
Price per acre$1,900/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedJan 19, 2024
Coordinates46.9186, -89.1880
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
24
Low risk
Wetlands15.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,224 ft of deeded road frontage.

Power13,956 ft away

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

Buildable area67.71 of 83.85 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$171,507
$136,208$206,806 · $2,045/ac on 83.85 ac
Asking vs estimate
-7.1%
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 $159,300
Maximum allowable offer
$98,004
$1,169/ac · +30.0% target margin

You need $61,296 off asking to hit this margin.

All-in cost$106,334
Net resale$157,787
Projected profit$51,452
ROI+48.4%
Annualized+69.3%
Break-even resale$1,378/ac
Profit if resale lands off target
-20%
$19,895
-10%
$35,674
0%
$51,452
+10%
$67,231
+20%
$83,010
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-916333
Gravel · Full utilities
59.0Jul 27, 2026$217,2003,6842,3774.6 mi
82
MI-305949
Paved · Off grid
44.6Mar 9, 2026$93,1002,0861,5722.8 mi
75
MI-735969
Dirt · Power at road
45.3Mar 27, 2026$134,0002,9582,6033.3 mi
74
MI-725451
Dirt · Full utilities
31.1Jul 27, 2026$81,9002,6331,7528.9 mi
73
MI-817631
Landlocked · Power at road
151.0Jul 27, 2026$183,1001,2121,76213.1 mi
72
MI-507230
Gravel · Power at road
112.9Aug 15, 2024$236,3002,0922,07412.0 mi
72
MI-125550
Paved · Off grid
33.4Jul 26, 2025$68,1002,0361,49510.0 mi
63
MI-995497
Dirt · Full utilities
32.2Sep 2, 2024$123,7003,8462,7781.0 mi
62
MI-458542
Gravel · Power at road
292.1Aug 26, 2025$538,7001,8442,2759.1 mi
61
MI-295207
Gravel · Off grid
26.1Mar 7, 2024$51,2001,9641,72612.1 mi
57
Show adjustment detail for the top comp
  • Tract size (58.96 ac → 83.85 ac)-7.6%
  • 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.