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Ontonagon County, MI · Sold

MI-260378

8508 County Road 236

$4,000
$5,063/ac · 0.79 ac
Acreage0.79 ac
Price per acre$5,063/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographyFlat
ListedJan 2, 2026
Coordinates46.8550, -89.2384
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

3 items to verify before you offer.

Risk index
22
Low risk
Wetlands20.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.1%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

219 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area0.60 of 0.79 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,624
$1,993$3,256 · $3,322/ac on 0.79 ac
Asking vs estimate
+52.4%
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 $4,000
Maximum allowable offer
$1,500
$1,898/ac · +30.0% target margin

You need $2,500 off asking to hit this margin.

All-in cost$1,628
Net resale$2,415
Projected profit$787
ROI+48.4%
Annualized+69.2%
Break-even resale$2,239/ac
Profit if resale lands off target
-20%
$304
-10%
$546
0%
$787
+10%
$1,028
+20%
$1,270
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-340210
Gravel · Power at road
0.7Jul 27, 2026$1,9002,6812,8161.0 mi
87
MI-130351
Dirt · Off grid
0.8Feb 9, 2025$2,5003,2184,9112.0 mi
80
MI-360467
Landlocked · Off grid
0.8May 23, 2025$1,6001,8933,6164.1 mi
77
MI-221494
Gravel · Power at road
1.8Jul 1, 2026$4,6002,5902,7595.1 mi
73
MI-510621
Gravel · Power at road
0.9Feb 12, 2025$2,0002,1702,4257.7 mi
71
MI-980890
Landlocked · Full utilities
1.1Jan 19, 2025$3,1002,7623,7376.8 mi
70
MI-901939
Gravel · Power at road
2.4Jul 27, 2026$6,6002,6932,8807.9 mi
69
Show adjustment detail for the top comp
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Power at road → Full utilities)+22.0%

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.