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Chippewa County, MI · Sold

MI-816265

5301 County Road 20

$121,100
$2,157/ac · 56.13 ac
Acreage56.13 ac
Price per acre$2,157/ac
ZoningResidential
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedAug 13, 2025
Coordinates46.3702, -84.4822
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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
46
Moderate risk
Wetlands36.9% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.9%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

1,403 ft of deeded road frontage.

Power11,128 ft away

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

Buildable area33.65 of 56.13 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$119,612
$104,660$134,565 · $2,131/ac on 56.13 ac
Asking vs estimate
+1.2%
In line with 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 $121,100
Maximum allowable offer
$68,350
$1,218/ac · +30.0% target margin

You need $52,750 off asking to hit this margin.

All-in cost$74,160
Net resale$110,043
Projected profit$35,883
ROI+48.4%
Annualized+69.2%
Break-even resale$1,436/ac
Profit if resale lands off target
-20%
$13,875
-10%
$24,879
0%
$35,883
+10%
$46,888
+20%
$57,892
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-666678
Paved · Power at road
75.7Oct 4, 2025$212,7002,8092,2392.1 mi
76
MI-695729
Dirt · Off grid
38.1Sep 20, 2025$83,7002,1992,4625.1 mi
74
MI-104584
Paved · Off grid
16.6Jul 27, 2026$42,0002,5301,7654.0 mi
72
MI-755476
Paved · Off grid
31.7Jan 15, 2026$80,0002,5261,97110.9 mi
70
MI-225730
Dirt · Power at road
38.1May 16, 2024$72,7001,9081,9157.5 mi
70
MI-117255
Landlocked · Power at road
115.0Oct 22, 2024$177,5001,5442,4547.2 mi
61
Show adjustment detail for the top comp
  • Tract size (75.71 ac → 56.13 ac)+6.8%
  • Access (Paved → Gravel)-15.3%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (10 mo)+3.6%

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.