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Cheboygan County, MI · Sold

MI-997401

1916 County Road 273

$439,900
$3,442/ac · 128 ac
Acreage128 ac
Price per acre$3,442/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedMar 28, 2024
Coordinates45.5324, -84.5933
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

3 items to verify before you offer.

Risk index
15
Low risk
Wetlands16.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,387 ft of deeded road frontage.

Power18 ft away

Power at or near the road.

Buildable area102.00 of 127.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$413,448
$360,546$466,349 · $3,235/ac on 128 ac
Asking vs estimate
+6.4%
Priced above the comp set

Weighted from 6 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 $439,900
Maximum allowable offer
$236,256
$1,848/ac · +30.0% target margin

You need $203,644 off asking to hit this margin.

All-in cost$256,338
Net resale$380,372
Projected profit$124,034
ROI+48.4%
Annualized+69.2%
Break-even resale$2,180/ac
Profit if resale lands off target
-20%
$47,960
-10%
$85,997
0%
$124,034
+10%
$162,071
+20%
$200,109
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-707798
Dirt · Power at road
170.4Nov 9, 2024$460,7002,7043,1353.8 mi
75
MI-267217
Gravel · Off grid
111.9Jun 16, 2025$281,5002,5162,5817.5 mi
73
MI-128760
Gravel · Power at road
342.1Jul 27, 2026$984,0002,8763,2626.7 mi
73
MI-158930
Landlocked · Off grid
386.9Jul 27, 2026$743,8001,9223,9129.7 mi
72
MI-908248
Dirt · Power at road
236.1Jun 10, 2025$671,2002,8433,5276.0 mi
71
MI-606531
Gravel · Power at road
68.1Jul 4, 2024$255,0003,7463,0133.6 mi
71
Show adjustment detail for the top comp
  • Tract size (170.41 ac → 127.82 ac)+7.9%
  • Market time (21 mo)+7.4%

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.