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Cheboygan County, MI · Sold

MI-185369

5003 County Road 35

$180,400
$6,151/ac · 29.33 ac
Acreage29.33 ac
Price per acre$6,151/ac
ZoningAgricultural
Road accessGravel
UtilitiesFull utilities
TopographyWooded
ListedJan 12, 2026
Coordinates45.5063, -84.5528
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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
16
Low risk
Wetlands15.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

437 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area23.68 of 29.33 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$220,996
$184,807$257,184 · $7,535/ac on 29.33 ac
Asking vs estimate
-18.4%
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 $180,400
Maximum allowable offer
$126,283
$4,306/ac · +30.0% target margin

You need $54,117 off asking to hit this margin.

All-in cost$137,017
Net resale$203,316
Projected profit$66,299
ROI+48.4%
Annualized+69.3%
Break-even resale$5,078/ac
Profit if resale lands off target
-20%
$25,636
-10%
$45,967
0%
$66,299
+10%
$86,631
+20%
$106,962
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-315146
Dirt · Power at road
24.9Jul 27, 2026$131,3005,2637,3007.8 mi
81
MI-754888
Landlocked · Power at road
20.7Nov 14, 2025$78,5003,7946,6774.0 mi
79
MI-755022
Dirt · Power at road
22.8Dec 3, 2024$133,7005,8628,5834.3 mi
71
MI-654731
Paved · Off grid
18.5Jan 11, 2025$142,2007,6979,3624.3 mi
68
MI-606531
Gravel · Power at road
68.1Jul 4, 2024$255,0003,7465,8450.9 mi
66
Show adjustment detail for the top comp
  • Tract size (24.95 ac → 29.33 ac)-2.4%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Full utilities)+22.0%

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.