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Cheboygan County, MI · Sold

MI-103145

7155 County Road 150

$27,800
$4,744/ac · 5.86 ac
Acreage5.86 ac
Price per acre$4,744/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesPower at road
TopographyFlat
ListedJan 23, 2026
Coordinates45.4009, -84.4940
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

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

View Cheboygan market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
39
Moderate risk
Wetlands15.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power1 ft away

Power at or near the road.

Buildable area4.69 of 5.86 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$26,343
$22,039$30,648 · $4,495/ac on 5.86 ac
Asking vs estimate
+5.5%
Priced above 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 $27,800
Maximum allowable offer
$15,053
$2,569/ac · +30.0% target margin

You need $12,747 off asking to hit this margin.

All-in cost$16,333
Net resale$24,236
Projected profit$7,903
ROI+48.4%
Annualized+69.3%
Break-even resale$3,029/ac
Profit if resale lands off target
-20%
$3,056
-10%
$5,480
0%
$7,903
+10%
$10,327
+20%
$12,751
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-323319
Dirt · Power at road
6.6Mar 10, 2026$37,7005,6764,6011.1 mi
85
MI-373266
Landlocked · Power at road
6.4Jun 23, 2024$24,1003,7734,1327.3 mi
80
MI-872469
Gravel · Power at road
3.6Jul 27, 2026$22,1006,1534,1068.3 mi
78
MI-961430
Dirt · Power at road
1.7Jul 27, 2026$9,6005,7104,3495.7 mi
75
MI-463399
Gravel · Off grid
7.0Dec 31, 2023$38,1005,4184,8634.2 mi
74
MI-142292
Dirt · Off grid
3.2Jan 11, 2026$10,9003,4583,2158.1 mi
69
MI-902177
Landlocked · Power at road
2.9Aug 24, 2024$13,4004,6374,8858.0 mi
65
MI-654731
Paved · Off grid
18.5Jan 11, 2025$142,2007,6976,1315.0 mi
59
Show adjustment detail for the top comp
  • Tract size (6.64 ac → 5.86 ac)+0.7%
  • Access (Dirt → Landlocked)-20.9%
  • Market time (5 mo)+1.8%

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.