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Ontonagon County, MI · Sold

MI-394293

8180 County Road 193

$38,500
$2,862/ac · 13.45 ac
Acreage13.45 ac
Price per acre$2,862/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedJun 27, 2024
Coordinates46.7679, -89.2166
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

5 items to verify before you offer.

Risk index
31
Moderate risk
Wetlands17.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope11.2%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

481 ft of deeded road frontage.

Power8,146 ft away

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

Buildable area10.57 of 13.45 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$32,641
$24,691$40,592 · $2,427/ac on 13.45 ac
Asking vs estimate
+17.9%
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 $38,500
Maximum allowable offer
$18,652
$1,387/ac · +30.0% target margin

You need $19,848 off asking to hit this margin.

All-in cost$20,237
Net resale$30,030
Projected profit$9,793
ROI+48.4%
Annualized+69.3%
Break-even resale$1,635/ac
Profit if resale lands off target
-20%
$3,787
-10%
$6,790
0%
$9,793
+10%
$12,796
+20%
$15,799
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-914216
Gravel · Off grid
12.7Jul 27, 2026$32,2002,5312,1695.9 mi
87
MI-714730
Dirt · Power at road
18.5Oct 24, 2025$56,4003,0562,7811.8 mi
79
MI-344546
Dirt · Power at road
16.2Apr 10, 2026$64,1003,9683,48911.8 mi
78
MI-725451
Dirt · Full utilities
31.1Jul 27, 2026$81,9002,6332,0504.8 mi
76
MI-783276
Dirt · Power at road
6.4Mar 12, 2026$12,9002,0101,6444.0 mi
74
MI-874977
Paved · Off grid
22.1Apr 30, 2025$67,2003,0452,4790.8 mi
73
MI-683102
Dirt · Power at road
5.7Mar 19, 2025$19,7003,4692,9322.9 mi
71
MI-125550
Paved · Off grid
33.4Jul 26, 2025$68,1002,0361,7492.8 mi
68
MI-735969
Dirt · Power at road
45.3Mar 27, 2026$134,0002,9583,0478.2 mi
67
MI-305949
Paved · Off grid
44.6Mar 9, 2026$93,1002,0861,8419.6 mi
65
Show adjustment detail for the top comp
  • Tract size (12.72 ac → 13.45 ac)-0.5%
  • Access (Gravel → Dirt)-14.0%

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.