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Ontonagon County, MI · Sold

MI-510621

1966 County Road 340

$2,400
$2,553/ac · 0.94 ac
Acreage0.94 ac
Price per acre$2,553/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedSep 15, 2024
Coordinates46.7439, -89.2585
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
29
Low risk
Wetlands16.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power21 ft away

Power at or near the road.

Buildable area0.74 of 0.94 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,393
$2,605$4,181 · $3,610/ac on 0.94 ac
Asking vs estimate
-29.3%
Priced below the comp set

Weighted from 9 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 $2,400
Maximum allowable offer
$1,939
$2,063/ac · +30.0% target margin

You need $461 off asking to hit this margin.

All-in cost$2,104
Net resale$3,122
Projected profit$1,018
ROI+48.4%
Annualized+69.2%
Break-even resale$2,433/ac
Profit if resale lands off target
-20%
$393
-10%
$706
0%
$1,018
+10%
$1,330
+20%
$1,642
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-221494
Gravel · Power at road
1.8Jul 1, 2026$4,6002,5902,6262.9 mi
85
MI-340210
Gravel · Power at road
0.7Jul 27, 2026$1,9002,6812,6807.8 mi
83
MI-260378
Dirt · Full utilities
0.8Jul 27, 2026$4,0005,1094,8727.7 mi
81
MI-901939
Gravel · Power at road
2.4Jul 27, 2026$6,6002,6932,74014.0 mi
76
MI-980890
Landlocked · Full utilities
1.1Jan 19, 2025$3,1002,7623,5563.8 mi
73
MI-130351
Dirt · Off grid
0.8Feb 9, 2025$2,5003,2184,6735.7 mi
72
MI-360467
Landlocked · Off grid
0.8May 23, 2025$1,6001,8933,44111.8 mi
71
MI-312136
Gravel · Power at road
2.8Sep 26, 2025$10,3003,6573,8665.7 mi
67
MI-362138
Landlocked · Full utilities
2.8Jan 2, 2025$9,5003,3804,4349.5 mi
57
Show adjustment detail for the top comp
  • Tract size (1.77 ac → 0.94 ac)+0.9%
  • Market time (1 mo)+0.5%

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.