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Chippewa County, MI · Sold

MI-755476

2494 County Road 292

$81,600
$2,575/ac · 31.69 ac
Acreage31.69 ac
Price per acre$2,575/ac
ZoningRecreational
Road accessPaved
UtilitiesOff grid
TopographyMixed
ListedMar 23, 2025
Coordinates46.2398, -84.6094
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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

Chippewa County, Michigan. Northern Lower Peninsula recreational parcels and inland lake frontage.

View Chippewa market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
23
Low risk
Wetlands17.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

467 ft of deeded road frontage.

Power7,278 ft away

A long utility run — price in solar/off-grid instead.

Buildable area24.72 of 31.69 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$100,802
$78,280$123,323 · $3,181/ac on 31.69 ac
Asking vs estimate
-19.0%
Priced below 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 $81,600
Maximum allowable offer
$57,601
$1,818/ac · +30.0% target margin

You need $23,999 off asking to hit this margin.

All-in cost$62,497
Net resale$92,738
Projected profit$30,241
ROI+48.4%
Annualized+69.2%
Break-even resale$2,144/ac
Profit if resale lands off target
-20%
$11,693
-10%
$20,967
0%
$30,241
+10%
$39,514
+20%
$48,788
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-104584
Paved · Off grid
16.6Jul 27, 2026$42,0002,5302,31811.7 mi
76
MI-695729
Dirt · Off grid
38.1Sep 20, 2025$83,7002,1993,23212.8 mi
73
MI-816265
Gravel · Off grid
56.1May 5, 2026$118,2002,1062,79710.9 mi
72
MI-666678
Paved · Power at road
75.7Oct 4, 2025$212,7002,8092,94010.3 mi
70
MI-225730
Dirt · Power at road
38.1May 16, 2024$72,7001,9082,5146.5 mi
69
MI-773915
Dirt · Full utilities
10.2Nov 5, 2025$35,0003,4242,9484.6 mi
64
MI-404516
Dirt · Off grid
15.8Nov 15, 2023$41,5002,6243,6524.1 mi
64
MI-304297
Gravel · Full utilities
13.5Apr 10, 2025$65,0004,8213,7455.0 mi
63
MI-953922
Gravel · Power at road
10.3Sep 24, 2024$52,8005,1334,8481.0 mi
61
Show adjustment detail for the top comp
  • Tract size (16.61 ac → 31.69 ac)-8.6%

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.