← New search
Houghton County, MI · Sold

MI-531241

4785 County Road 69

$6,500
$4,422/ac · 1.47 ac
Acreage1.47 ac
Price per acre$4,422/ac
ZoningRecreational
Road accessLandlocked
UtilitiesFull utilities
TopographyWooded
ListedMar 25, 2024
Coordinates46.9744, -88.6277
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

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

View Houghton market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
31
Moderate risk
Wetlands8.7% of tract

Little to no mapped wetland coverage.

Average slope2.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area1.28 of 1.47 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$6,710
$5,500$7,920 · $4,565/ac on 1.47 ac
Asking vs estimate
-3.1%
In line with the comp set

Weighted from 8 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 $6,500
Maximum allowable offer
$3,835
$2,609/ac · +30.0% target margin

You need $2,665 off asking to hit this margin.

All-in cost$4,161
Net resale$6,174
Projected profit$2,013
ROI+48.4%
Annualized+69.2%
Break-even resale$3,077/ac
Profit if resale lands off target
-20%
$778
-10%
$1,395
0%
$2,013
+10%
$2,630
+20%
$3,247
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-811110
Gravel · Off grid
1.3Jan 4, 2026$4,9003,6543,6535.5 mi
79
MI-750833
Gravel · Off grid
1.1Jun 22, 2026$5,6005,1105,0005.6 mi
79
MI-481338
Dirt · Off grid
1.6Oct 17, 2024$7,3004,6205,6524.2 mi
79
MI-970160
Landlocked · Full utilities
0.7Aug 15, 2025$2,7004,0754,2113.8 mi
72
MI-930107
Paved · Off grid
0.7Jan 5, 2025$2,6003,9593,4664.6 mi
67
MI-442158
Gravel · Power at road
2.9Sep 26, 2024$16,8005,8675,3266.5 mi
67
MI-132483
Dirt · Power at road
3.6Sep 1, 2024$18,3005,0285,3612.0 mi
67
MI-370174
Paved · Power at road
0.7Jun 28, 2024$3,3004,9213,7391.9 mi
63
Show adjustment detail for the top comp
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (7 mo)+2.6%

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.