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Gogebic County, MI · Sold

MI-743545

966 County Road 191

$23,000
$2,941/ac · 7.82 ac
Acreage7.82 ac
Price per acre$2,941/ac
ZoningResidential
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedSep 15, 2024
Coordinates46.4679, -89.8265
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

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

View Gogebic market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
35
Moderate risk
Wetlands4.6% of tract

Little to no mapped wetland coverage.

Average slope4.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power6,914 ft away

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

Buildable area7.09 of 7.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$18,661
$15,005$22,317 · $2,386/ac on 7.82 ac
Asking vs estimate
+23.3%
Priced above the comp set

Weighted from 8 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 $23,000
Maximum allowable offer
$10,663
$1,364/ac · +30.0% target margin

You need $12,337 off asking to hit this margin.

All-in cost$11,569
Net resale$17,168
Projected profit$5,598
ROI+48.4%
Annualized+69.3%
Break-even resale$1,608/ac
Profit if resale lands off target
-20%
$2,165
-10%
$3,882
0%
$5,598
+10%
$7,315
+20%
$9,032
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-303799
Landlocked · Off grid
9.4Jun 16, 2025$24,3002,5772,7394.7 mi
79
MI-973136
Gravel · Off grid
5.8Aug 30, 2024$26,1004,4893,2470.4 mi
78
MI-742335
Dirt · Off grid
3.3Apr 14, 2026$8,5002,6062,0064.9 mi
72
MI-642808
Dirt · Off grid
4.6Jun 6, 2024$9,5002,0611,7307.6 mi
64
MI-602428
Gravel · Off grid
3.5Jun 14, 2024$10,3002,9512,1065.8 mi
62
MI-842123
Paved · Off grid
2.8Sep 25, 2024$10,3003,6852,1906.5 mi
61
MI-722049
Gravel · Off grid
2.6Jan 3, 2024$8,3003,1202,2463.0 mi
60
MI-422288
Dirt · Power at road
3.1Jul 15, 2024$11,6003,6972,5916.4 mi
59
Show adjustment detail for the top comp
  • Tract size (9.41 ac → 7.82 ac)+1.3%
  • Market time (14 mo)+4.9%

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.