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Gogebic County, MI · Sold

MI-160276

2203 County Road 263

$2,700
$3,699/ac · 0.73 ac
Acreage0.73 ac
Price per acre$3,699/ac
ZoningRecreational
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedJul 16, 2026
Coordinates46.4227, -89.7743
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
Wetlands16.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

74 ft of deeded road frontage.

Power18 ft away

Power at or near the road.

Buildable area0.58 of 0.73 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,848
$2,500$3,196 · $3,901/ac on 0.73 ac
Asking vs estimate
-5.2%
Priced below 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 $2,700
Maximum allowable offer
$1,627
$2,229/ac · +30.0% target margin

You need $1,073 off asking to hit this margin.

All-in cost$1,765
Net resale$2,620
Projected profit$855
ROI+48.4%
Annualized+69.3%
Break-even resale$2,628/ac
Profit if resale lands off target
-20%
$331
-10%
$593
0%
$855
+10%
$1,117
+20%
$1,379
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-180120
Paved · Power at road
0.7May 30, 2025$3,3005,1153,9154.1 mi
78
MI-742335
Dirt · Off grid
3.3Apr 14, 2026$8,5002,6063,1896.3 mi
66
MI-540987
Paved · Off grid
1.2Jul 7, 2024$6,0004,8714,5705.3 mi
65
MI-251289
Gravel · Off grid
1.5May 8, 2025$6,2004,0704,3746.7 mi
64
MI-422288
Dirt · Power at road
3.1Jul 15, 2024$11,6003,6974,1193.1 mi
60
MI-831461
Gravel · Off grid
1.7Apr 22, 2024$6,8003,9164,3924.1 mi
60
MI-842123
Paved · Off grid
2.8Sep 25, 2024$10,3003,6853,4826.7 mi
55
MI-602428
Gravel · Off grid
3.5Jun 14, 2024$10,3002,9513,3485.1 mi
54
MI-722049
Gravel · Off grid
2.6Jan 3, 2024$8,3003,1203,5727.0 mi
53
Show adjustment detail for the top comp
  • Access (Paved → Dirt)-27.1%
  • Market time (15 mo)+5.1%

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.