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Cheboygan County, MI · Sold

MI-315146

6383 County Road 120

$131,300
$5,263/ac · 24.95 ac
Acreage24.95 ac
Price per acre$5,263/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyRolling
ListedJul 16, 2025
Coordinates45.4522, -84.4124
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

2 items to verify before you offer.

Risk index
21
Low risk
Wetlands8.7% of tract

Little to no mapped wetland coverage.

Average slope10.2%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power206 ft away

Power at or near the road.

Buildable area21.64 of 24.95 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$132,678
$107,297$158,059 · $5,318/ac on 24.95 ac
Asking vs estimate
-1.0%
In line with 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 $131,300
Maximum allowable offer
$75,816
$3,039/ac · +30.0% target margin

You need $55,484 off asking to hit this margin.

All-in cost$82,260
Net resale$122,064
Projected profit$39,803
ROI+48.4%
Annualized+69.2%
Break-even resale$3,584/ac
Profit if resale lands off target
-20%
$15,391
-10%
$27,597
0%
$39,803
+10%
$52,010
+20%
$64,216
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-755022
Dirt · Power at road
22.8Dec 3, 2024$133,7005,8626,2015.0 mi
82
MI-185369
Gravel · Full utilities
29.3Jul 27, 2026$176,1006,0034,3467.8 mi
81
MI-754888
Landlocked · Power at road
20.7Nov 14, 2025$78,5003,7944,8247.0 mi
77
MI-654731
Paved · Off grid
18.5Jan 11, 2025$142,2007,6976,7643.5 mi
75
MI-606531
Gravel · Power at road
68.1Jul 4, 2024$255,0003,7464,2226.9 mi
59
Show adjustment detail for the top comp
  • Tract size (22.81 ac → 24.95 ac)-1.3%
  • Market time (20 mo)+7.1%

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.