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Gogebic County, MI · Sold

MI-180120

7934 County Road 73

$3,500
$5,385/ac · 0.65 ac
Acreage0.65 ac
Price per acre$5,385/ac
ZoningAgricultural
Road accessPaved
UtilitiesPower at road
TopographyWooded
ListedJun 25, 2024
Coordinates46.4204, -89.6879
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

3 items to verify before you offer.

Risk index
16
Low risk
Wetlands17.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

104 ft of deeded road frontage.

Power236 ft away

Power at or near the road.

Buildable area0.51 of 0.65 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,415
$2,970$3,859 · $5,253/ac on 0.65 ac
Asking vs estimate
+2.5%
In line with the comp set

Weighted from 9 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 $3,500
Maximum allowable offer
$1,951
$3,002/ac · +30.0% target margin

You need $1,549 off asking to hit this margin.

All-in cost$2,117
Net resale$3,141
Projected profit$1,025
ROI+48.4%
Annualized+69.3%
Break-even resale$3,540/ac
Profit if resale lands off target
-20%
$396
-10%
$710
0%
$1,025
+10%
$1,339
+20%
$1,653
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-160276
Dirt · Power at road
0.7Jul 27, 2026$2,5003,4584,7594.1 mi
86
MI-742335
Dirt · Off grid
3.3Apr 14, 2026$8,5002,6064,38010.4 mi
64
MI-540987
Paved · Off grid
1.2Jul 7, 2024$6,0004,8716,2768.3 mi
64
MI-251289
Gravel · Off grid
1.5May 8, 2025$6,2004,0706,00610.1 mi
60
MI-831461
Gravel · Off grid
1.7Apr 22, 2024$6,8003,9166,0313.5 mi
59
MI-422288
Dirt · Power at road
3.1Jul 15, 2024$11,6003,6975,6571.0 mi
59
MI-602428
Gravel · Off grid
3.5Jun 14, 2024$10,3002,9514,5984.2 mi
58
MI-842123
Paved · Off grid
2.8Sep 25, 2024$10,3003,6854,78210.7 mi
55
MI-722049
Gravel · Off grid
2.6Jan 3, 2024$8,3003,1204,90510.2 mi
51
Show adjustment detail for the top comp
  • Access (Dirt → Paved)+37.2%

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.