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Cheboygan County, MI · Sold

MI-902177

3442 County Road 315

$13,300
$4,586/ac · 2.90 ac
Acreage2.90 ac
Price per acre$4,586/ac
ZoningRecreational
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedFeb 16, 2024
Coordinates45.5167, -84.4834
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

1 item to verify before you offer.

Risk index
28
Low risk
Wetlands0.9% of tract

Little to no mapped wetland coverage.

Average slope7.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power107 ft away

Power at or near the road.

Buildable area2.73 of 2.90 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$12,990
$11,220$14,760 · $4,479/ac on 2.90 ac
Asking vs estimate
+2.4%
In line with the comp set

Weighted from 9 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 $13,300
Maximum allowable offer
$7,423
$2,560/ac · +30.0% target margin

You need $5,877 off asking to hit this margin.

All-in cost$8,054
Net resale$11,951
Projected profit$3,897
ROI+48.4%
Annualized+69.2%
Break-even resale$3,019/ac
Profit if resale lands off target
-20%
$1,507
-10%
$2,702
0%
$3,897
+10%
$5,092
+20%
$6,287
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-142292
Dirt · Off grid
3.2Jan 11, 2026$10,9003,4583,3050.1 mi
88
MI-872469
Gravel · Power at road
3.6Jul 27, 2026$22,1006,1534,2210.9 mi
87
MI-961430
Dirt · Power at road
1.7Jul 27, 2026$9,6005,7104,4712.5 mi
81
MI-103145
Landlocked · Power at road
5.9Jul 27, 2026$27,4004,6824,8248.0 mi
77
MI-323319
Dirt · Power at road
6.6Mar 10, 2026$37,7005,6764,7307.9 mi
69
MI-373266
Landlocked · Power at road
6.4Jun 23, 2024$24,1003,7734,2481.0 mi
68
MI-681233
Landlocked · Power at road
1.5Feb 3, 2025$7,8005,3365,5988.1 mi
67
MI-380700
Landlocked · Off grid
1.0Jan 10, 2025$3,5003,5314,3498.5 mi
61
MI-463399
Gravel · Off grid
7.0Dec 31, 2023$38,1005,4184,9994.8 mi
59
Show adjustment detail for the top comp
  • Access (Dirt → Landlocked)-20.9%
  • 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.