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Gogebic County, MI · Sold

MI-642808

2542 County Road 98

$9,500
$2,070/ac · 4.59 ac
Acreage4.59 ac
Price per acre$2,070/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedJan 4, 2024
Coordinates46.5131, -89.6804
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
27
Low risk
Wetlands17.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

172 ft of deeded road frontage.

Power8,370 ft away

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

Buildable area3.58 of 4.59 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$15,171
$12,834$17,508 · $3,305/ac on 4.59 ac
Asking vs estimate
-37.4%
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 $9,500
Maximum allowable offer
$8,669
$1,889/ac · +30.0% target margin

You need $831 off asking to hit this margin.

All-in cost$9,406
Net resale$13,957
Projected profit$4,551
ROI+48.4%
Annualized+69.3%
Break-even resale$2,227/ac
Profit if resale lands off target
-20%
$1,760
-10%
$3,156
0%
$4,551
+10%
$5,947
+20%
$7,343
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-742335
Dirt · Off grid
3.3Apr 14, 2026$8,5002,6062,61012.4 mi
82
MI-602428
Gravel · Off grid
3.5Jun 14, 2024$10,3002,9512,7402.6 mi
76
MI-973136
Gravel · Off grid
5.8Aug 30, 2024$26,1004,4894,2258.0 mi
70
MI-422288
Dirt · Power at road
3.1Jul 15, 2024$11,6003,6973,3726.4 mi
69
MI-743545
Landlocked · Off grid
7.8May 8, 2025$21,6002,7653,7907.6 mi
68
MI-303799
Landlocked · Off grid
9.4Jun 16, 2025$24,3002,5773,56512.0 mi
64
MI-722049
Gravel · Off grid
2.6Jan 3, 2024$8,3003,1202,9238.8 mi
63
MI-842123
Paved · Off grid
2.8Sep 25, 2024$10,3003,6852,85013.7 mi
63
MI-831461
Gravel · Off grid
1.7Apr 22, 2024$6,8003,9163,5953.6 mi
61
MI-251289
Gravel · Off grid
1.5May 8, 2025$6,2004,0703,5809.3 mi
61
Show adjustment detail for the top comp
  • Tract size (3.26 ac → 4.59 ac)-1.2%
  • Market time (4 mo)+1.4%

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.