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Chippewa County, MI · Sold

MI-641459

7487 County Road 316

$4,200
$2,428/ac · 1.73 ac
Acreage1.73 ac
Price per acre$2,428/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedApr 17, 2024
Coordinates46.3286, -84.4917
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

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

View Chippewa market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
9
Low risk
Wetlands9.7% of tract

Little to no mapped wetland coverage.

Average slope2.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

294 ft of deeded road frontage.

Power2,028 ft away

Service extension needed; get a utility quote.

Buildable area1.48 of 1.73 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$5,505
$4,250$6,759 · $3,182/ac on 1.73 ac
Asking vs estimate
-23.7%
Priced below the comp set

Weighted from 7 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 $4,200
Maximum allowable offer
$3,145
$1,818/ac · +30.0% target margin

You need $1,055 off asking to hit this margin.

All-in cost$3,412
Net resale$5,064
Projected profit$1,652
ROI+48.4%
Annualized+69.3%
Break-even resale$2,144/ac
Profit if resale lands off target
-20%
$639
-10%
$1,145
0%
$1,652
+10%
$2,158
+20%
$2,665
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-731577
Gravel · Full utilities
1.9Mar 14, 2025$10,8005,7454,2494.8 mi
78
MI-580728
Paved · Full utilities
1.0Apr 8, 2026$3,8003,7402,2251.5 mi
76
MI-632048
Dirt · Power at road
2.6Jan 3, 2026$7,5002,8162,8818.5 mi
71
MI-733092
Paved · Off grid
5.6Jul 15, 2026$18,9003,3502,9576.1 mi
70
MI-513071
Landlocked · Power at road
5.5May 30, 2026$17,2003,1024,0564.9 mi
68
MI-532324
Gravel · Off grid
3.2May 11, 2024$10,0003,0823,4266.6 mi
66
MI-832660
Paved · Off grid
4.1Mar 21, 2025$10,9002,6562,4404.1 mi
65
Show adjustment detail for the top comp
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (17 mo)+6.0%

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.