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Cheboygan County, MI · Sold

MI-463399

6752 County Road 297

$43,200
$6,136/ac · 7.04 ac
Acreage7.04 ac
Price per acre$6,136/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedNov 20, 2023
Coordinates45.4555, -84.5322
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
38
Moderate risk
Wetlands30.2% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.3%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

382 ft of deeded road frontage.

Power13,032 ft away

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

Buildable area4.67 of 7.04 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$40,061
$33,263$46,859 · $5,690/ac on 7.04 ac
Asking vs estimate
+7.8%
Priced above the comp set

Weighted from 9 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 $43,200
Maximum allowable offer
$22,892
$3,252/ac · +30.0% target margin

You need $20,308 off asking to hit this margin.

All-in cost$24,838
Net resale$36,856
Projected profit$12,018
ROI+48.4%
Annualized+69.2%
Break-even resale$3,835/ac
Profit if resale lands off target
-20%
$4,647
-10%
$8,333
0%
$12,018
+10%
$15,704
+20%
$19,389
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-103145
Landlocked · Power at road
5.9Jul 27, 2026$27,4004,6825,8054.2 mi
88
MI-323319
Dirt · Power at road
6.6Mar 10, 2026$37,7005,6765,6924.6 mi
82
MI-872469
Gravel · Power at road
3.6Jul 27, 2026$22,1006,1535,0804.7 mi
78
MI-373266
Landlocked · Power at road
6.4Jun 23, 2024$24,1003,7735,1124.5 mi
76
MI-142292
Dirt · Off grid
3.2Jan 11, 2026$10,9003,4583,9775.0 mi
70
MI-754888
Landlocked · Power at road
20.7Nov 14, 2025$78,5003,7945,4091.3 mi
67
MI-654731
Paved · Off grid
18.5Jan 11, 2025$142,2007,6977,5842.9 mi
64
MI-755022
Dirt · Power at road
22.8Dec 3, 2024$133,7005,8626,9530.9 mi
62
MI-902177
Landlocked · Power at road
2.9Aug 24, 2024$13,4004,6376,0434.8 mi
60
Show adjustment detail for the top comp
  • Tract size (5.86 ac → 7.04 ac)-1.0%
  • Access (Landlocked → Gravel)+47.1%
  • 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.