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Cheboygan County, MI · Sold

MI-681233

1488 County Road 270

$8,600
$5,850/ac · 1.47 ac
Acreage1.47 ac
Price per acre$5,850/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesPower at road
TopographyWooded
ListedJun 26, 2024
Coordinates45.4021, -84.4524
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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
27
Low risk
Wetlands3.5% of tract

Little to no mapped wetland coverage.

Average slope2.1%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power231 ft away

Power at or near the road.

Buildable area1.35 of 1.47 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$6,496
$5,719$7,272 · $4,419/ac on 1.47 ac
Asking vs estimate
+32.4%
Priced above the comp set

Weighted from 6 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 $8,600
Maximum allowable offer
$3,712
$2,525/ac · +30.0% target margin

You need $4,888 off asking to hit this margin.

All-in cost$4,028
Net resale$5,976
Projected profit$1,948
ROI+48.4%
Annualized+69.2%
Break-even resale$2,978/ac
Profit if resale lands off target
-20%
$753
-10%
$1,351
0%
$1,948
+10%
$2,546
+20%
$3,144
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-961430
Dirt · Power at road
1.7Jul 27, 2026$9,6005,7104,5355.6 mi
85
MI-872469
Gravel · Power at road
3.6Jul 27, 2026$22,1006,1534,2828.5 mi
76
MI-380700
Landlocked · Off grid
1.0Jan 10, 2025$3,5003,5314,4110.5 mi
74
MI-142292
Dirt · Off grid
3.2Jan 11, 2026$10,9003,4583,3528.2 mi
67
MI-902177
Landlocked · Power at road
2.9Aug 24, 2024$13,4004,6375,0948.1 mi
66
MI-700268
Dirt · Off grid
0.7Oct 31, 2024$3,6004,8924,85610.1 mi
65
Show adjustment detail for the top comp
  • Access (Dirt → Landlocked)-20.9%

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.