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Cheboygan County, MI · Sold

MI-380700

6672 County Road 365

$3,300
$3,300/ac · 1.00 ac
Acreage1.00 ac
Price per acre$3,300/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyMixed
ListedJul 18, 2024
Coordinates45.3953, -84.4578
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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

5 items to verify before you offer.

Risk index
48
Moderate risk
Wetlands19.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power6,774 ft away

A long utility run — price in solar/off-grid instead.

Buildable area0.77 of 1.00 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,033
$3,378$4,687 · $4,033/ac on 1.00 ac
Asking vs estimate
-18.2%
Priced below 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 $3,300
Maximum allowable offer
$2,304
$2,304/ac · +30.0% target margin

You need $996 off asking to hit this margin.

All-in cost$2,500
Net resale$3,710
Projected profit$1,210
ROI+48.4%
Annualized+69.3%
Break-even resale$2,717/ac
Profit if resale lands off target
-20%
$468
-10%
$839
0%
$1,210
+10%
$1,581
+20%
$1,952
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-961430
Dirt · Power at road
1.7Jul 27, 2026$9,6005,7103,8736.0 mi
77
MI-681233
Landlocked · Power at road
1.5Feb 3, 2025$7,8005,3364,8500.5 mi
75
MI-700268
Dirt · Off grid
0.7Oct 31, 2024$3,6004,8924,14710.6 mi
67
MI-142292
Dirt · Off grid
3.2Jan 11, 2026$10,9003,4582,8638.6 mi
64
MI-902177
Landlocked · Power at road
2.9Aug 24, 2024$13,4004,6374,3508.5 mi
60
Show adjustment detail for the top comp
  • Tract size (1.69 ac → 1 ac)+0.7%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Power at road → Off grid)-15.0%

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.