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Cheboygan County, MI · Sold

MI-755022

3666 County Road 360

$137,700
$6,037/ac · 22.81 ac
Acreage22.81 ac
Price per acre$6,037/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedMar 8, 2024
Coordinates45.4506, -84.5156
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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
37
Moderate risk
Wetlands35.1% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.4%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

770 ft of deeded road frontage.

Power204 ft away

Power at or near the road.

Buildable area14.06 of 22.81 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$118,765
$100,710$136,820 · $5,207/ac on 22.81 ac
Asking vs estimate
+15.9%
Priced above the comp set

Weighted from 7 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 $137,700
Maximum allowable offer
$67,866
$2,975/ac · +30.0% target margin

You need $69,834 off asking to hit this margin.

All-in cost$73,635
Net resale$109,264
Projected profit$35,629
ROI+48.4%
Annualized+69.2%
Break-even resale$3,509/ac
Profit if resale lands off target
-20%
$13,777
-10%
$24,703
0%
$35,629
+10%
$46,556
+20%
$57,482
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-315146
Dirt · Power at road
24.9Jul 27, 2026$131,3005,2635,3425.0 mi
93
MI-754888
Landlocked · Power at road
20.7Nov 14, 2025$78,5003,7944,8862.0 mi
82
MI-185369
Gravel · Full utilities
29.3Jul 27, 2026$176,1006,0034,4024.3 mi
82
MI-654731
Paved · Off grid
18.5Jan 11, 2025$142,2007,6976,8502.4 mi
78
MI-323319
Dirt · Power at road
6.6Mar 10, 2026$37,7005,6765,1413.9 mi
71
MI-606531
Gravel · Power at road
68.1Jul 4, 2024$255,0003,7464,2773.3 mi
61
MI-463399
Gravel · Off grid
7.0Dec 31, 2023$38,1005,4185,4340.9 mi
59
Show adjustment detail for the top comp
  • Tract size (24.95 ac → 22.81 ac)+1.3%

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.