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Gogebic County, MI · Sold

MI-973136

1808 County Road 142

$27,300
$4,691/ac · 5.82 ac
Acreage5.82 ac
Price per acre$4,691/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedMar 12, 2024
Coordinates46.4622, -89.8309
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
23
Low risk
Wetlands4.8% of tract

Little to no mapped wetland coverage.

Average slope10.3%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power5,682 ft away

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

Buildable area5.26 of 5.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$20,645
$17,282$24,007 · $3,547/ac on 5.82 ac
Asking vs estimate
+32.2%
Priced above 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 $27,300
Maximum allowable offer
$11,797
$2,027/ac · +30.0% target margin

You need $15,503 off asking to hit this margin.

All-in cost$12,800
Net resale$18,993
Projected profit$6,194
ROI+48.4%
Annualized+69.3%
Break-even resale$2,391/ac
Profit if resale lands off target
-20%
$2,395
-10%
$4,294
0%
$6,194
+10%
$8,093
+20%
$9,992
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-743545
Landlocked · Off grid
7.8May 8, 2025$21,6002,7654,3580.4 mi
81
MI-742335
Dirt · Off grid
3.3Apr 14, 2026$8,5002,6063,0024.5 mi
76
MI-303799
Landlocked · Off grid
9.4Jun 16, 2025$24,3002,5774,0994.2 mi
71
MI-602428
Gravel · Off grid
3.5Jun 14, 2024$10,3002,9513,1516.0 mi
69
MI-642808
Dirt · Off grid
4.6Jun 6, 2024$9,5002,0612,5898.0 mi
69
MI-722049
Gravel · Off grid
2.6Jan 3, 2024$8,3003,1203,3613.2 mi
66
MI-831461
Gravel · Off grid
1.7Apr 22, 2024$6,8003,9164,1335.4 mi
65
MI-842123
Paved · Off grid
2.8Sep 25, 2024$10,3003,6853,2776.0 mi
64
MI-422288
Dirt · Power at road
3.1Jul 15, 2024$11,6003,6973,8776.5 mi
62
Show adjustment detail for the top comp
  • Tract size (7.82 ac → 5.82 ac)+1.8%
  • Access (Landlocked → Gravel)+47.1%
  • Market time (15 mo)+5.3%

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.