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Gogebic County, MI · Sold

MI-507492

9090 County Road 155

$436,500
$3,197/ac · 137 ac
Acreage137 ac
Price per acre$3,197/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedMay 14, 2025
Coordinates46.4948, -89.6729
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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

4 items to verify before you offer.

Risk index
37
Moderate risk
Wetlands28.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.4%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power133 ft away

Power at or near the road.

Buildable area93.26 of 136.53 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$276,996
$208,335$345,656 · $2,029/ac on 137 ac
Asking vs estimate
+57.6%
Priced above 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 $436,500
Maximum allowable offer
$158,283
$1,159/ac · +30.0% target margin

You need $278,217 off asking to hit this margin.

All-in cost$171,737
Net resale$254,836
Projected profit$83,099
ROI+48.4%
Annualized+69.3%
Break-even resale$1,367/ac
Profit if resale lands off target
-20%
$32,132
-10%
$57,615
0%
$83,099
+10%
$108,583
+20%
$134,066
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-787495
Dirt · Off grid
136.8Mar 31, 2025$309,2002,2602,81410.1 mi
81
MI-837204
Paved · Power at road
110.8Oct 26, 2025$336,1003,0332,1669.6 mi
75
MI-669596
Dirt · Off grid
626.9Oct 30, 2025$625,0009971,8806.2 mi
67
MI-179959
Paved · Off grid
815.4Jul 27, 2026$776,8009531,3779.2 mi
62
MI-736599
Gravel · Full utilities
71.5Sep 18, 2024$182,2002,5491,6568.2 mi
62
Show adjustment detail for the top comp
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (17 mo)+5.8%

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.