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Chippewa County, MI · Sold

MI-439531

8949 County Road 235

$921,700
$1,541/ac · 598 ac
Acreage598 ac
Price per acre$1,541/ac
ZoningRecreational
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedJun 4, 2025
Coordinates46.2703, -84.4908
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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
26
Low risk
Wetlands12.6% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power1 ft away

Power at or near the road.

Buildable area496.54 of 598.03 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$726,990
$586,312$867,668 · $1,216/ac on 598 ac
Asking vs estimate
+26.8%
Priced above the comp set

Weighted from 5 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 $921,700
Maximum allowable offer
$415,423
$695/ac · +30.0% target margin

You need $506,277 off asking to hit this margin.

All-in cost$450,734
Net resale$668,831
Projected profit$218,097
ROI+48.4%
Annualized+69.2%
Break-even resale$819/ac
Profit if resale lands off target
-20%
$84,331
-10%
$151,214
0%
$218,097
+10%
$284,980
+20%
$351,863
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-989189
Dirt · Off grid
466.8Jul 27, 2026$488,8001,0471,1451.9 mi
86
MI-388698
Paved · Full utilities
327.1Dec 5, 2024$817,1002,4981,3344.4 mi
70
MI-438551
Dirt · Full utilities
294.0Jun 9, 2025$670,4002,2801,5873.1 mi
70
MI-679020
Dirt · Off grid
413.0Oct 22, 2023$301,1007298586.4 mi
67
MI-798162
Dirt · Full utilities
221.8Jan 4, 2026$407,4001,8371,1538.3 mi
67
Show adjustment detail for the top comp
  • Tract size (466.8 ac → 598.03 ac)-7.2%
  • Utilities (Off grid → Power at road)+17.6%

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.