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Gogebic County, MI · Sold

MI-736599

5107 County Road 186

$210,900
$2,950/ac · 71.50 ac
Acreage71.50 ac
Price per acre$2,950/ac
ZoningMixed Use
Road accessGravel
UtilitiesFull utilities
TopographyFlat
ListedSep 29, 2023
Coordinates46.4271, -89.8148
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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

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

View Gogebic market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
28
Low risk
Wetlands28.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.0%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

1,464 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area48.70 of 71.50 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$288,098
$248,461$327,735 · $4,029/ac on 71.50 ac
Asking vs estimate
-26.8%
Priced below the comp set

Weighted from 5 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 $210,900
Maximum allowable offer
$164,627
$2,302/ac · +30.0% target margin

You need $46,273 off asking to hit this margin.

All-in cost$178,620
Net resale$265,050
Projected profit$86,430
ROI+48.4%
Annualized+69.3%
Break-even resale$2,715/ac
Profit if resale lands off target
-20%
$33,420
-10%
$59,925
0%
$86,430
+10%
$112,935
+20%
$139,440
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-837204
Paved · Power at road
110.8Oct 26, 2025$336,1003,0333,6001.5 mi
79
MI-507492
Dirt · Power at road
136.5May 5, 2026$361,9002,6504,4578.2 mi
72
MI-787495
Dirt · Off grid
136.8Mar 31, 2025$309,2002,2604,67710.5 mi
62
MI-303799
Landlocked · Off grid
9.4Jun 16, 2025$24,3002,5774,2163.6 mi
56
MI-669596
Dirt · Off grid
626.9Oct 30, 2025$625,0009973,12611.5 mi
53
Show adjustment detail for the top comp
  • Tract size (110.82 ac → 71.5 ac)+11.0%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (10 mo)+3.4%

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.