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Houghton County, MI · Sold

MI-443228

1009 County Road 175

$39,500
$6,350/ac · 6.22 ac
Acreage6.22 ac
Price per acre$6,350/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedJul 27, 2024
Coordinates47.0287, -88.6062
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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

Houghton County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.

View Houghton market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
31
Moderate risk
Wetlands15.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope11.5%

Rolling to steep in places; pad prep likely.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power184 ft away

Power at or near the road.

Buildable area4.99 of 6.22 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$35,601
$31,833$39,370 · $5,724/ac on 6.22 ac
Asking vs estimate
+11.0%
Priced above 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 $39,500
Maximum allowable offer
$20,344
$3,271/ac · +30.0% target margin

You need $19,156 off asking to hit this margin.

All-in cost$22,073
Net resale$32,753
Projected profit$10,680
ROI+48.4%
Annualized+69.2%
Break-even resale$3,857/ac
Profit if resale lands off target
-20%
$4,129
-10%
$7,405
0%
$10,680
+10%
$13,955
+20%
$17,231
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-714133
Dirt · Power at road
12.0Jul 27, 2026$54,2004,5285,5321.7 mi
79
MI-453037
Dirt · Full utilities
5.4Oct 10, 2024$33,0006,0956,2156.6 mi
75
MI-363420
Gravel · Off grid
7.2Jan 16, 2025$26,3003,6724,6445.8 mi
75
MI-132483
Dirt · Power at road
3.6Sep 1, 2024$18,3005,0286,1782.7 mi
68
MI-442158
Gravel · Power at road
2.9Sep 26, 2024$16,8005,8676,1372.8 mi
68
Show adjustment detail for the top comp
  • Tract size (11.98 ac → 6.22 ac)+4.8%
  • Access (Dirt → Gravel)+16.3%

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.