Five years ago I paid $38K for forty acres with 1000 feet of river frontage (Nice trout stream); deer, bear, moose, beaver, 25 acres of woods, Maple, oak, poplar and white pine, a few apple trees, the rest meadow with a spring and a grove of poplars in the middle, plenty of room for a nice vegetable garden and enough maples for sugaring in the spring. It's four miles down a dirt road from the village (Population 568 with a diner, general store, bank and gas station) and about 20 miles from the nearest Walmart. North property line is my neighbor the dairy farmer's South forty pasture, the neighbor on the South is surrounded by woods and grows blueberries.
The wife wants horses so we'll be building a nice big barn with a small living quarters in the loft. Estimates run about $50K, more, or less, depending.
I believe that's less than what my family paid 20 years ago for their cottage up north on a trout stream - and that was 5 acres(4 1/2 thick woods) - and no moose(although deer, bear, elk, beaver, turkeys etc).
That was one bigtime bargain, or out in the middle of nowhere and not yet discovered by snowbirds and retirees like much of North Michigan has been.