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Houghton County, MI · Sold

MI-595568

5130 County Road 36

$110,200
$3,253/ac · 33.88 ac
Acreage33.88 ac
Price per acre$3,253/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedAug 14, 2025
Coordinates46.9789, -88.6675
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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

4 items to verify before you offer.

Risk index
42
Moderate risk
Wetlands39.6% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.1%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

838 ft of deeded road frontage.

Power1,902 ft away

Service extension needed; get a utility quote.

Buildable area19.44 of 33.88 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$110,389
$79,480$141,298 · $3,258/ac on 33.88 ac
Asking vs estimate
-0.2%
In line with the comp set

Weighted from 7 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 $110,200
Maximum allowable offer
$63,080
$1,862/ac · +30.0% target margin

You need $47,120 off asking to hit this margin.

All-in cost$68,442
Net resale$101,558
Projected profit$33,116
ROI+48.4%
Annualized+69.2%
Break-even resale$2,196/ac
Profit if resale lands off target
-20%
$12,805
-10%
$22,960
0%
$33,116
+10%
$43,272
+20%
$53,428
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-485665
Landlocked · Full utilities
36.3May 13, 2026$171,8004,7264,2612.2 mi
85
MI-985743
Dirt · Off grid
38.5May 25, 2024$126,7003,2953,6842.8 mi
77
MI-325971
Dirt · Off grid
45.4Jun 11, 2025$81,2001,7901,9804.5 mi
77
MI-315360
Paved · Off grid
29.1Sep 20, 2024$82,7002,8382,1795.5 mi
73
MI-714133
Dirt · Power at road
12.0Jul 27, 2026$54,2004,5283,3726.1 mi
73
MI-756521
Dirt · Power at road
67.6Oct 13, 2025$313,4004,6384,6734.7 mi
71
MI-906599
Dirt · Off grid
71.5Mar 22, 2024$141,4001,9782,5252.7 mi
67
Show adjustment detail for the top comp
  • Tract size (36.34 ac → 33.88 ac)+1.2%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (3 mo)+1.1%

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.