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Cheboygan County, MI · Sold

MI-700268

3852 County Road 175

$3,600
$4,932/ac · 0.73 ac
Acreage0.73 ac
Price per acre$4,932/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedJun 2, 2024
Coordinates45.5435, -84.4010
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

4 items to verify before you offer.

Risk index
28
Low risk
Wetlands10.4% of tract

Little to no mapped wetland coverage.

Average slope9.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power4,240 ft away

Service extension needed; get a utility quote.

Buildable area0.62 of 0.73 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,587
$3,026$4,149 · $4,914/ac on 0.73 ac
Asking vs estimate
+0.4%
In line with the comp set

Weighted from 6 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 $3,600
Maximum allowable offer
$2,050
$2,808/ac · +30.0% target margin

You need $1,550 off asking to hit this margin.

All-in cost$2,224
Net resale$3,300
Projected profit$1,076
ROI+48.4%
Annualized+69.2%
Break-even resale$3,312/ac
Profit if resale lands off target
-20%
$416
-10%
$746
0%
$1,076
+10%
$1,406
+20%
$1,736
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-961430
Dirt · Power at road
1.7Jul 27, 2026$9,6005,7104,9125.5 mi
75
MI-872469
Gravel · Power at road
3.6Jul 27, 2026$22,1006,1534,6385.1 mi
70
MI-380700
Landlocked · Off grid
1.0Jan 10, 2025$3,5003,5314,77810.6 mi
68
MI-142292
Dirt · Off grid
3.2Jan 11, 2026$10,9003,4583,6314.3 mi
67
MI-681233
Landlocked · Power at road
1.5Feb 3, 2025$7,8005,3366,15110.1 mi
66
MI-902177
Landlocked · Power at road
2.9Aug 24, 2024$13,4004,6375,5174.4 mi
56
Show adjustment detail for the top comp
  • Tract size (1.69 ac → 0.73 ac)+1.0%
  • 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.