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Cheboygan County, MI · Sold

MI-908248

2756 County Road 232

$679,400
$2,878/ac · 236 ac
Acreage236 ac
Price per acre$2,878/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedApr 15, 2024
Coordinates45.4920, -84.4828
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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

3 items to verify before you offer.

Risk index
13
Low risk
Wetlands13.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,473 ft of deeded road frontage.

Power219 ft away

Power at or near the road.

Buildable area194.90 of 236.09 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$667,152
$587,490$746,813 · $2,826/ac on 236 ac
Asking vs estimate
+1.8%
In line with 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 $679,400
Maximum allowable offer
$381,229
$1,615/ac · +30.0% target margin

You need $298,171 off asking to hit this margin.

All-in cost$413,633
Net resale$613,779
Projected profit$200,146
ROI+48.4%
Annualized+69.3%
Break-even resale$1,904/ac
Profit if resale lands off target
-20%
$77,390
-10%
$138,768
0%
$200,146
+10%
$261,524
+20%
$322,902
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-128760
Gravel · Power at road
342.1Jul 27, 2026$984,0002,8762,7604.2 mi
86
MI-158930
Landlocked · Off grid
386.9Jul 27, 2026$743,8001,9223,3106.0 mi
77
MI-229385
Gravel · Power at road
538.0Jul 27, 2026$1,404,4002,6102,8686.2 mi
74
MI-707798
Dirt · Power at road
170.4Nov 9, 2024$460,7002,7042,6525.4 mi
73
MI-997401
Dirt · Power at road
127.8Feb 21, 2025$461,0003,6073,2416.0 mi
70
MI-649135
Gravel · Off grid
448.9Mar 4, 2025$1,017,3002,2662,9364.7 mi
65
MI-267217
Gravel · Off grid
111.9Jun 16, 2025$281,5002,5162,1845.7 mi
65
MI-606531
Gravel · Power at road
68.1Jul 4, 2024$255,0003,7462,5492.8 mi
60
Show adjustment detail for the top comp
  • Tract size (342.1 ac → 236.09 ac)+11.3%
  • Access (Gravel → Dirt)-14.0%

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.