Chippewa County, MI · Sold

MI-798162

3575 County Road 263

$409,900

$1,848/ac · 222 ac

Offer report Market this tract

Acreage222 ac

Price per acre$1,848/ac

ZoningResidential

Road accessDirt

UtilitiesFull utilities

TopographyFlat

ListedDec 15, 2024

Coordinates46.2203, -84.6486

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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

Moderate risk

Wetlands45.1% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.2%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area115.70 of 221.83 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$460,908

$385,174 – $536,642 · $2,078/ac on 222 ac

Asking vs estimate

-11.1%

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 $409,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$263,376

$1,187/ac · +30.0% target margin

You need $146,524 off asking to hit this margin.

All-in cost$285,763

Net resale$424,035

Projected profit$138,272

ROI+48.4%

Annualized+69.2%

Break-even resale$1,400/ac

Profit if resale lands off target

-20%

$53,465

-10%

$95,869

$138,272

+10%

$180,676

+20%

$223,080

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MI-438551 Dirt · Full utilities	294.0	Jun 9, 2025	$670,400	2,280	2,595	8.1 mi	79
MI-989189 Dirt · Off grid	466.8	Jul 27, 2026	$488,800	1,047	1,872	9.9 mi	74
MI-439531 Dirt · Power at road	598.0	Mar 12, 2026	$799,100	1,336	2,223	8.3 mi	68
MI-388698 Paved · Full utilities	327.1	Dec 5, 2024	$817,100	2,498	2,181	12.4 mi	66
MI-117255 Landlocked · Power at road	115.0	Oct 22, 2024	$177,500	1,544	2,149	8.0 mi	62
MI-666678 Paved · Power at road	75.7	Oct 4, 2025	$212,700	2,809	1,960	12.3 mi	59
MI-679020 Dirt · Off grid	413.0	Oct 22, 2023	$301,100	729	1,402	14.0 mi	59

Show adjustment detail for the top comp

Tract size (294.04 ac → 221.83 ac)+8.4%
Market time (14 mo)+5.0%

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.

Build the listing kit Post a deal or JV