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Gogebic County, MI · Sold

MI-251289

4848 County Road 227

$6,500
$4,248/ac · 1.53 ac
Acreage1.53 ac
Price per acre$4,248/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedAug 1, 2024
Coordinates46.4920, -89.8732
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
23
Low risk
Wetlands17.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope10.0%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

130 ft of deeded road frontage.

Power698 ft away

Power at or near the road.

Buildable area1.20 of 1.53 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$5,548
$4,753$6,343 · $3,626/ac on 1.53 ac
Asking vs estimate
+17.2%
Priced above 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 $6,500
Maximum allowable offer
$3,170
$2,072/ac · +30.0% target margin

You need $3,330 off asking to hit this margin.

All-in cost$3,439
Net resale$5,104
Projected profit$1,665
ROI+48.4%
Annualized+69.3%
Break-even resale$2,443/ac
Profit if resale lands off target
-20%
$644
-10%
$1,154
0%
$1,665
+10%
$2,175
+20%
$2,685
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-722049
Gravel · Off grid
2.6Jan 3, 2024$8,3003,1203,5010.8 mi
76
MI-831461
Gravel · Off grid
1.7Apr 22, 2024$6,8003,9164,3067.6 mi
74
MI-540987
Paved · Off grid
1.2Jul 7, 2024$6,0004,8714,4802.0 mi
74
MI-742335
Dirt · Off grid
3.3Apr 14, 2026$8,5002,6063,1275.0 mi
73
MI-160276
Dirt · Power at road
0.7Jul 27, 2026$2,5003,4583,3976.7 mi
73
MI-842123
Paved · Off grid
2.8Sep 25, 2024$10,3003,6853,4137.1 mi
69
MI-422288
Dirt · Power at road
3.1Jul 15, 2024$11,6003,6974,0389.2 mi
64
MI-602428
Gravel · Off grid
3.5Jun 14, 2024$10,3002,9513,2828.0 mi
63
MI-180120
Paved · Power at road
0.7May 30, 2025$3,3005,1153,83710.1 mi
61
MI-642808
Dirt · Off grid
4.6Jun 6, 2024$9,5002,0612,6979.3 mi
57
Show adjustment detail for the top comp
  • Tract size (2.65 ac → 1.53 ac)+1.1%
  • Market time (31 mo)+11.0%

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.