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Cheboygan County, MI · Sold

MI-961430

5236 County Road 296

$10,500
$6,213/ac · 1.69 ac
Acreage1.69 ac
Price per acre$6,213/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedApr 13, 2026
Coordinates45.4815, -84.4708
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

No material red flags on the mapped layers.

Risk index
6
Low risk
Wetlands0.1% of tract

Little to no mapped wetland coverage.

Average slope9.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

101 ft of deeded road frontage.

Power15 ft away

Power at or near the road.

Buildable area1.60 of 1.69 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$9,904
$8,427$11,381 · $5,860/ac on 1.69 ac
Asking vs estimate
+6.0%
Priced above the comp set

Weighted from 7 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 $10,500
Maximum allowable offer
$5,660
$3,349/ac · +30.0% target margin

You need $4,840 off asking to hit this margin.

All-in cost$6,141
Net resale$9,112
Projected profit$2,971
ROI+48.4%
Annualized+69.2%
Break-even resale$3,950/ac
Profit if resale lands off target
-20%
$1,148
-10%
$2,060
0%
$2,971
+10%
$3,882
+20%
$4,793
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-872469
Gravel · Power at road
3.6Jul 27, 2026$22,1006,1535,4033.1 mi
77
MI-142292
Dirt · Off grid
3.2Jan 11, 2026$10,9003,4584,2302.6 mi
75
MI-103145
Landlocked · Power at road
5.9Jul 27, 2026$27,4004,6826,1745.7 mi
75
MI-681233
Landlocked · Power at road
1.5Feb 3, 2025$7,8005,3367,1655.6 mi
75
MI-902177
Landlocked · Power at road
2.9Aug 24, 2024$13,4004,6376,4272.5 mi
69
MI-380700
Landlocked · Off grid
1.0Jan 10, 2025$3,5003,5315,5666.0 mi
66
MI-700268
Dirt · Off grid
0.7Oct 31, 2024$3,6004,8926,1275.5 mi
64
Show adjustment detail for the top comp
  • Tract size (3.59 ac → 1.69 ac)+1.9%
  • Access (Gravel → Dirt)-14.0%

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.