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Gogebic County, MI · Sold

MI-669596

2426 County Road 176

$626,300
$999/ac · 627 ac
Acreage627 ac
Price per acre$999/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedOct 24, 2024
Coordinates46.5793, -89.7158
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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
34
Moderate risk
Wetlands3.0% of tract

Little to no mapped wetland coverage.

Average slope30.0%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,788 ft of deeded road frontage.

Power8,594 ft away

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

Buildable area364.84 of 626.87 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$734,146
$533,373$934,920 · $1,171/ac on 627 ac
Asking vs estimate
-14.7%
Priced below the comp set

Weighted from 5 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 $626,300
Maximum allowable offer
$419,512
$669/ac · +30.0% target margin

You need $206,788 off asking to hit this margin.

All-in cost$455,171
Net resale$675,415
Projected profit$220,244
ROI+48.4%
Annualized+69.2%
Break-even resale$789/ac
Profit if resale lands off target
-20%
$85,161
-10%
$152,703
0%
$220,244
+10%
$287,786
+20%
$355,327
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-179959
Paved · Off grid
815.4Jul 27, 2026$776,8009537548.9 mi
81
MI-507492
Dirt · Power at road
136.5May 5, 2026$361,9002,6501,4696.2 mi
71
MI-787495
Dirt · Off grid
136.8Mar 31, 2025$309,2002,2601,5426.3 mi
66
MI-837204
Paved · Power at road
110.8Oct 26, 2025$336,1003,0331,18713.0 mi
54
MI-736599
Gravel · Full utilities
71.5Sep 18, 2024$182,2002,54990711.5 mi
47
Show adjustment detail for the top comp
  • Tract size (815.42 ac → 626.87 ac)+8.4%
  • Access (Paved → Dirt)-27.1%

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.