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Chippewa County, MI · Sold

MI-117255

2427 County Road 157

$195,300
$1,698/ac · 115 ac
Acreage115 ac
Price per acre$1,698/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesPower at road
TopographyRolling
ListedJan 29, 2024
Coordinates46.2663, -84.4940
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

4 items to verify before you offer.

Risk index
42
Moderate risk
Wetlands13.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power36 ft away

Power at or near the road.

Buildable area95.04 of 114.99 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$181,816
$157,652$205,981 · $1,581/ac on 115 ac
Asking vs estimate
+7.4%
Priced above 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 $195,300
Maximum allowable offer
$103,895
$904/ac · +30.0% target margin

You need $91,405 off asking to hit this margin.

All-in cost$112,726
Net resale$167,271
Projected profit$54,545
ROI+48.4%
Annualized+69.2%
Break-even resale$1,066/ac
Profit if resale lands off target
-20%
$21,091
-10%
$37,818
0%
$54,545
+10%
$71,272
+20%
$87,999
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-666678
Paved · Power at road
75.7Oct 4, 2025$212,7002,8091,5167.7 mi
72
MI-816265
Gravel · Off grid
56.1May 5, 2026$118,2002,1061,4437.2 mi
71
MI-798162
Dirt · Full utilities
221.8Jan 4, 2026$407,4001,8371,4578.0 mi
68
MI-438551
Dirt · Full utilities
294.0Jun 9, 2025$670,4002,2802,0072.9 mi
64
MI-695729
Dirt · Off grid
38.1Sep 20, 2025$83,7002,1991,66711.2 mi
64
MI-388698
Paved · Full utilities
327.1Dec 5, 2024$817,1002,4981,6864.7 mi
60
MI-225730
Dirt · Power at road
38.1May 16, 2024$72,7001,9081,2978.0 mi
57
Show adjustment detail for the top comp
  • Tract size (75.71 ac → 114.99 ac)-9.6%
  • Access (Paved → Landlocked)-42.4%
  • 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.