Portage County, WI · Sold

WI-108968

2047 County Road 297

$1,816,000

$4,566/ac · 398 ac

Offer report Market this tract

Acreage398 ac

Price per acre$4,566/ac

ZoningMixed Use

Road accessPaved

UtilitiesOff grid

TopographySloped

ListedMar 19, 2025

Coordinates44.4496, -89.6023

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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

Portage County, Wisconsin. Driftless recreational tracts and northwoods hunting land.

View Portage market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index

Moderate risk

Wetlands3.3% of tract

Little to no mapped wetland coverage.

Average slope18.5%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power7,698 ft away

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

Buildable area307.69 of 397.74 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$1,413,926

$1,207,565 – $1,620,287 · $3,555/ac on 398 ac

Asking vs estimate

+28.4%

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 $1,816,000

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$807,958

$2,031/ac · +30.0% target margin

You need $1,008,042 off asking to hit this margin.

All-in cost$876,634

Net resale$1,300,812

Projected profit$424,177

ROI+48.4%

Annualized+69.2%

Break-even resale$2,396/ac

Profit if resale lands off target

-20%

$164,015

-10%

$294,096

$424,177

+10%

$554,258

+20%

$684,339

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
WI-607947 Landlocked · Off grid	189.8	Jul 27, 2026	$460,200	2,424	3,407	7.2 mi	75
WI-185578 Gravel · Off grid	34.1	Jul 27, 2026	$172,200	5,045	3,251	13.1 mi	59
WI-436774 Paved · Full utilities	81.2	May 13, 2024	$575,100	7,085	3,512	2.5 mi	58
WI-745782 Landlocked · Power at road	39.6	Jul 25, 2025	$164,600	4,161	3,585	1.8 mi	56
WI-197331 Gravel · Off grid	121.5	Jul 18, 2024	$477,600	3,931	3,618	11.0 mi	55
WI-806712 Gravel · Power at road	77.6	Nov 12, 2024	$530,000	6,831	4,731	6.2 mi	54
WI-335643 Gravel · Off grid	35.8	Aug 26, 2024	$143,100	4,002	2,809	9.5 mi	50

Show adjustment detail for the top comp

Tract size (189.84 ac → 397.74 ac)-19.2%
Access (Landlocked → Paved)+73.5%

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.

Build the listing kit Post a deal or JV