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Cheboygan County, MI · Sold

MI-654731

7786 County Road 128

$148,700
$8,051/ac · 18.47 ac
Acreage18.47 ac
Price per acre$8,051/ac
ZoningResidential
Road accessPaved
UtilitiesOff grid
TopographySloped
ListedNov 7, 2023
Coordinates45.4725, -84.4778
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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
27
Low risk
Wetlands2.2% of tract

Little to no mapped wetland coverage.

Average slope21.8%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

333 ft of deeded road frontage.

Power8,104 ft away

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

Buildable area10.84 of 18.47 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$114,638
$102,511$126,765 · $6,207/ac on 18.47 ac
Asking vs estimate
+29.7%
Priced above 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 $148,700
Maximum allowable offer
$65,507
$3,547/ac · +30.0% target margin

You need $83,193 off asking to hit this margin.

All-in cost$71,075
Net resale$105,467
Projected profit$34,392
ROI+48.4%
Annualized+69.3%
Break-even resale$4,183/ac
Profit if resale lands off target
-20%
$13,298
-10%
$23,845
0%
$34,392
+10%
$44,938
+20%
$55,485
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-315146
Dirt · Power at road
24.9Jul 27, 2026$131,3005,2636,4033.5 mi
86
MI-754888
Landlocked · Power at road
20.7Nov 14, 2025$78,5003,7945,8564.2 mi
78
MI-185369
Gravel · Full utilities
29.3Jul 27, 2026$176,1006,0035,2774.3 mi
78
MI-755022
Dirt · Power at road
22.8Dec 3, 2024$133,7005,8627,5282.4 mi
77
MI-103145
Landlocked · Power at road
5.9Jul 27, 2026$27,4004,6826,2855.0 mi
70
MI-323319
Dirt · Power at road
6.6Mar 10, 2026$37,7005,6766,1634.8 mi
67
MI-463399
Gravel · Off grid
7.0Dec 31, 2023$38,1005,4186,5142.9 mi
61
MI-373266
Landlocked · Power at road
6.4Jun 23, 2024$24,1003,7735,5352.3 mi
60
Show adjustment detail for the top comp
  • Tract size (24.95 ac → 18.47 ac)+4.1%
  • Access (Dirt → Paved)+37.2%
  • 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.