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Cheboygan County, MI · Sold

MI-872469

954 County Road 29

$23,700
$6,602/ac · 3.59 ac
Acreage3.59 ac
Price per acre$6,602/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedApr 16, 2026
Coordinates45.5204, -84.5009
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
26
Low risk
Wetlands19.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.5%

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.

Power58 ft away

Power at or near the road.

Buildable area2.76 of 3.59 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$24,225
$20,863$27,587 · $6,748/ac on 3.59 ac
Asking vs estimate
-2.2%
In line with 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 $23,700
Maximum allowable offer
$13,843
$3,856/ac · +30.0% target margin

You need $9,857 off asking to hit this margin.

All-in cost$15,020
Net resale$22,287
Projected profit$7,267
ROI+48.4%
Annualized+69.2%
Break-even resale$4,548/ac
Profit if resale lands off target
-20%
$2,810
-10%
$5,038
0%
$7,267
+10%
$9,496
+20%
$11,725
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-142292
Dirt · Off grid
3.2Jan 11, 2026$10,9003,4584,8280.9 mi
82
MI-103145
Landlocked · Power at road
5.9Jul 27, 2026$27,4004,6827,0478.3 mi
78
MI-961430
Dirt · Power at road
1.7Jul 27, 2026$9,6005,7106,5313.1 mi
77
MI-323319
Dirt · Power at road
6.6Mar 10, 2026$37,7005,6766,9108.2 mi
76
MI-902177
Landlocked · Power at road
2.9Aug 24, 2024$13,4004,6377,3360.9 mi
75
MI-373266
Landlocked · Power at road
6.4Jun 23, 2024$24,1003,7736,2051.7 mi
68
MI-681233
Landlocked · Power at road
1.5Feb 3, 2025$7,8005,3368,1788.5 mi
66
MI-463399
Gravel · Off grid
7.0Dec 31, 2023$38,1005,4187,3034.7 mi
65
Show adjustment detail for the top comp
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (7 mo)+2.5%

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.