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Cheboygan County, MI · Sold

MI-649135

7480 County Road 25

$965,200
$2,150/ac · 449 ac
Acreage449 ac
Price per acre$2,150/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedNov 16, 2024
Coordinates45.4264, -84.4534
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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

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

View Cheboygan market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
12
Low risk
Wetlands9.3% of tract

Little to no mapped wetland coverage.

Average slope5.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,685 ft of deeded road frontage.

Power3,400 ft away

Service extension needed; get a utility quote.

Buildable area386.79 of 448.89 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,077,004
$990,844$1,163,164 · $2,399/ac on 449 ac
Asking vs estimate
-10.4%
Priced below the comp set

Weighted from 5 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 $965,200
Maximum allowable offer
$615,431
$1,371/ac · +30.0% target margin

You need $349,769 off asking to hit this margin.

All-in cost$667,743
Net resale$990,844
Projected profit$323,101
ROI+48.4%
Annualized+69.2%
Break-even resale$1,617/ac
Profit if resale lands off target
-20%
$124,932
-10%
$224,017
0%
$323,101
+10%
$422,185
+20%
$521,270
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-229385
Gravel · Power at road
538.0Jul 27, 2026$1,404,4002,6102,3483.1 mi
87
MI-158930
Landlocked · Off grid
386.9Jul 27, 2026$743,8001,9222,7109.1 mi
83
MI-128760
Gravel · Power at road
342.1Jul 27, 2026$984,0002,8762,2608.5 mi
81
MI-908248
Dirt · Power at road
236.1Jun 10, 2025$671,2002,8432,4444.7 mi
67
MI-707798
Dirt · Power at road
170.4Nov 9, 2024$460,7002,7042,17210.1 mi
57
Show adjustment detail for the top comp
  • Tract size (538.01 ac → 448.89 ac)+5.6%
  • Utilities (Power at road → Off grid)-15.0%

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.