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Cheboygan County, MI · Sold

MI-606531

9752 County Road 177

$285,200
$4,190/ac · 68.06 ac
Acreage68.06 ac
Price per acre$4,190/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedSep 9, 2023
Coordinates45.4956, -84.5411
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

3 items to verify before you offer.

Risk index
44
Moderate risk
Wetlands49.7% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope0.5%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

1,942 ft of deeded road frontage.

Power95 ft away

Power at or near the road.

Buildable area32.52 of 68.06 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$319,002
$271,321$366,683 · $4,687/ac on 68.06 ac
Asking vs estimate
-10.6%
Priced below 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 $285,200
Maximum allowable offer
$182,287
$2,678/ac · +30.0% target margin

You need $102,913 off asking to hit this margin.

All-in cost$197,781
Net resale$293,482
Projected profit$95,701
ROI+48.4%
Annualized+69.2%
Break-even resale$3,159/ac
Profit if resale lands off target
-20%
$37,004
-10%
$66,352
0%
$95,701
+10%
$125,049
+20%
$154,397
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-185369
Gravel · Full utilities
29.3Jul 27, 2026$176,1006,0034,1990.9 mi
78
MI-997401
Dirt · Power at road
127.8Feb 21, 2025$461,0003,6075,1873.6 mi
73
MI-315146
Dirt · Power at road
24.9Jul 27, 2026$131,3005,2635,0956.9 mi
72
MI-267217
Gravel · Off grid
111.9Jun 16, 2025$281,5002,5163,4954.7 mi
72
MI-754888
Landlocked · Power at road
20.7Nov 14, 2025$78,5003,7944,6603.3 mi
66
MI-908248
Dirt · Power at road
236.1Jun 10, 2025$671,2002,8434,7762.8 mi
63
MI-707798
Dirt · Power at road
170.4Nov 9, 2024$460,7002,7044,2454.7 mi
63
MI-755022
Dirt · Power at road
22.8Dec 3, 2024$133,7005,8625,9913.3 mi
63
Show adjustment detail for the top comp
  • Tract size (29.33 ac → 68.06 ac)-14.9%
  • Utilities (Full utilities → Power at road)-18.0%

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.