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Cheboygan County, MI · Sold

MI-754888

9095 County Road 229

$76,100
$3,676/ac · 20.70 ac
Acreage20.70 ac
Price per acre$3,676/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedNov 23, 2024
Coordinates45.4489, -84.5578
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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
30
Moderate risk
Wetlands2.7% of tract

Little to no mapped wetland coverage.

Average slope8.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power30 ft away

Power at or near the road.

Buildable area19.13 of 20.70 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$88,228
$74,058$102,397 · $4,262/ac on 20.70 ac
Asking vs estimate
-13.7%
Priced below 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 $76,100
Maximum allowable offer
$50,416
$2,436/ac · +30.0% target margin

You need $25,684 off asking to hit this margin.

All-in cost$54,701
Net resale$81,170
Projected profit$26,468
ROI+48.4%
Annualized+69.2%
Break-even resale$2,872/ac
Profit if resale lands off target
-20%
$10,234
-10%
$18,351
0%
$26,468
+10%
$34,585
+20%
$42,702
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-185369
Gravel · Full utilities
29.3Jul 27, 2026$176,1006,0033,5264.0 mi
85
MI-315146
Dirt · Power at road
24.9Jul 27, 2026$131,3005,2634,2797.0 mi
83
MI-755022
Dirt · Power at road
22.8Dec 3, 2024$133,7005,8625,0312.0 mi
77
MI-654731
Paved · Off grid
18.5Jan 11, 2025$142,2007,6975,4884.2 mi
74
MI-323319
Dirt · Power at road
6.6Mar 10, 2026$37,7005,6764,1195.2 mi
68
MI-373266
Landlocked · Power at road
6.4Jun 23, 2024$24,1003,7733,6995.7 mi
61
MI-606531
Gravel · Power at road
68.1Jul 4, 2024$255,0003,7463,4263.3 mi
60
MI-463399
Gravel · Off grid
7.0Dec 31, 2023$38,1005,4184,3531.3 mi
59
Show adjustment detail for the top comp
  • Tract size (29.33 ac → 20.7 ac)+5.2%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Full utilities → Power at road)-18.0%

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.