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Gogebic County, MI · Sold

MI-742335

3913 County Road 234

$9,800
$3,006/ac · 3.26 ac
Acreage3.26 ac
Price per acre$3,006/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedApr 6, 2025
Coordinates46.4234, -89.9058
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

4 items to verify before you offer.

Risk index
24
Low risk
Wetlands16.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

283 ft of deeded road frontage.

Power11,086 ft away

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

Buildable area2.58 of 3.26 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$10,776
$8,935$12,617 · $3,306/ac on 3.26 ac
Asking vs estimate
-9.1%
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 $9,800
Maximum allowable offer
$6,158
$1,889/ac · +30.0% target margin

You need $3,642 off asking to hit this margin.

All-in cost$6,681
Net resale$9,914
Projected profit$3,233
ROI+48.4%
Annualized+69.2%
Break-even resale$2,228/ac
Profit if resale lands off target
-20%
$1,250
-10%
$2,241
0%
$3,233
+10%
$4,224
+20%
$5,215
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-602428
Gravel · Off grid
3.5Jun 14, 2024$10,3002,9512,77510.3 mi
76
MI-842123
Paved · Off grid
2.8Sep 25, 2024$10,3003,6852,8862.1 mi
75
MI-422288
Dirt · Power at road
3.1Jul 15, 2024$11,6003,6973,4149.4 mi
73
MI-642808
Dirt · Off grid
4.6Jun 6, 2024$9,5002,0612,28012.4 mi
72
MI-722049
Gravel · Off grid
2.6Jan 3, 2024$8,3003,1202,9605.8 mi
70
MI-303799
Landlocked · Off grid
9.4Jun 16, 2025$24,3002,5773,6100.9 mi
67
MI-251289
Gravel · Off grid
1.5May 8, 2025$6,2004,0703,6255.0 mi
67
MI-973136
Gravel · Off grid
5.8Aug 30, 2024$26,1004,4894,2794.5 mi
67
MI-743545
Landlocked · Off grid
7.8May 8, 2025$21,6002,7653,8384.9 mi
65
MI-831461
Gravel · Off grid
1.7Apr 22, 2024$6,8003,9163,6409.5 mi
62
Show adjustment detail for the top comp
  • Access (Gravel → Dirt)-14.0%
  • Market time (26 mo)+9.1%

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.