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Cheboygan County, MI · Sold

MI-373266

1486 County Road 145

$28,000
$4,382/ac · 6.39 ac
Acreage6.39 ac
Price per acre$4,382/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesPower at road
TopographyWooded
ListedMar 20, 2024
Coordinates45.5050, -84.4723
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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

1 item to verify before you offer.

Risk index
26
Low risk
Wetlands2.5% of tract

Little to no mapped wetland coverage.

Average slope2.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power174 ft away

Power at or near the road.

Buildable area5.92 of 6.39 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$29,122
$24,497$33,747 · $4,557/ac on 6.39 ac
Asking vs estimate
-3.9%
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 $28,000
Maximum allowable offer
$16,641
$2,604/ac · +30.0% target margin

You need $11,359 off asking to hit this margin.

All-in cost$18,055
Net resale$26,792
Projected profit$8,737
ROI+48.4%
Annualized+69.3%
Break-even resale$3,071/ac
Profit if resale lands off target
-20%
$3,378
-10%
$6,057
0%
$8,737
+10%
$11,416
+20%
$14,095
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-103145
Landlocked · Power at road
5.9Jul 27, 2026$27,4004,6824,6717.3 mi
92
MI-323319
Dirt · Power at road
6.6Mar 10, 2026$37,7005,6764,5807.0 mi
83
MI-872469
Gravel · Power at road
3.6Jul 27, 2026$22,1006,1534,0871.7 mi
80
MI-463399
Gravel · Off grid
7.0Dec 31, 2023$38,1005,4184,8404.5 mi
75
MI-142292
Dirt · Off grid
3.2Jan 11, 2026$10,9003,4583,2001.0 mi
72
MI-902177
Landlocked · Power at road
2.9Aug 24, 2024$13,4004,6374,8621.0 mi
69
MI-754888
Landlocked · Power at road
20.7Nov 14, 2025$78,5003,7944,3525.7 mi
68
MI-654731
Paved · Off grid
18.5Jan 11, 2025$142,2007,6976,1022.3 mi
62
Show adjustment detail for the top comp

    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.