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Baraga County, MI · Sold

MI-227850

2129 County Road 188

$409,300
$2,313/ac · 177 ac
Acreage177 ac
Price per acre$2,313/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedSep 6, 2023
Coordinates46.7871, -88.3953
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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

Baraga County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.

View Baraga market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
24
Low risk
Wetlands17.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,147 ft of deeded road frontage.

Power14,404 ft away

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

Buildable area138.68 of 176.95 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$541,079
$442,440$639,718 · $3,058/ac on 177 ac
Asking vs estimate
-24.4%
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 $409,300
Maximum allowable offer
$309,188
$1,747/ac · +30.0% target margin

You need $100,112 off asking to hit this margin.

All-in cost$335,469
Net resale$497,792
Projected profit$162,323
ROI+48.4%
Annualized+69.2%
Break-even resale$2,061/ac
Profit if resale lands off target
-20%
$62,765
-10%
$112,544
0%
$162,323
+10%
$212,103
+20%
$261,882
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-768138
Dirt · Power at road
218.0Jul 27, 2026$612,7002,8102,95011.6 mi
78
MI-568030
Landlocked · Power at road
201.6Oct 10, 2025$354,3001,7582,3597.3 mi
75
MI-317232
Dirt · Off grid
113.1Dec 27, 2025$256,2002,2662,4036.7 mi
74
MI-177654
Paved · Off grid
153.5Jan 22, 2025$479,5003,1232,7146.0 mi
74
MI-748190
Landlocked · Off grid
226.4Aug 10, 2025$410,2001,8122,9758.1 mi
74
MI-708604
Gravel · Off grid
305.6Oct 8, 2025$814,3002,6653,2228.7 mi
72
MI-108840
Landlocked · Off grid
362.5Jun 6, 2024$611,0001,6863,3223.2 mi
69
MI-439014
Dirt · Off grid
411.2Aug 19, 2025$1,148,2002,7924,3095.6 mi
67
MI-759012
Gravel · Off grid
410.6Nov 13, 2024$848,7002,0672,8266.5 mi
65
MI-269477
Gravel · Off grid
575.1Jun 14, 2025$1,446,1002,5153,7196.0 mi
65
Show adjustment detail for the top comp
  • Tract size (218.01 ac → 176.95 ac)+6.0%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Off grid)-15.0%

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.