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Houghton County, MI · Sold

MI-930107

8830 County Road 118

$2,800
$4,308/ac · 0.65 ac
Acreage0.65 ac
Price per acre$4,308/ac
ZoningRecreational
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedNov 3, 2024
Coordinates46.9318, -88.5534
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

3 items to verify before you offer.

Risk index
34
Moderate risk
Wetlands3.2% of tract

Little to no mapped wetland coverage.

Average slope30.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

149 ft of deeded road frontage.

Power9,406 ft away

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

Buildable area0.38 of 0.65 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,471
$2,904$4,038 · $5,340/ac on 0.65 ac
Asking vs estimate
-19.3%
Priced below the comp set

Weighted from 6 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 $2,800
Maximum allowable offer
$1,983
$3,051/ac · +30.0% target margin

You need $817 off asking to hit this margin.

All-in cost$2,152
Net resale$3,193
Projected profit$1,042
ROI+48.4%
Annualized+69.3%
Break-even resale$3,598/ac
Profit if resale lands off target
-20%
$403
-10%
$722
0%
$1,042
+10%
$1,361
+20%
$1,680
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-970160
Landlocked · Full utilities
0.7Aug 15, 2025$2,7004,0755,1358.3 mi
76
MI-750833
Gravel · Off grid
1.1Jun 22, 2026$5,6005,1106,0968.4 mi
76
MI-370174
Paved · Power at road
0.7Jun 28, 2024$3,3004,9214,5595.4 mi
76
MI-481338
Dirt · Off grid
1.6Oct 17, 2024$7,3004,6206,8921.6 mi
70
MI-811110
Gravel · Off grid
1.3Jan 4, 2026$4,9003,6544,4548.7 mi
69
MI-531241
Landlocked · Full utilities
1.5May 20, 2024$5,4003,6614,8844.6 mi
65
Show adjustment detail for the top comp
  • Access (Landlocked → Paved)+73.5%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (12 mo)+4.2%

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.