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Chippewa County, MI · Sold

MI-989189

9806 County Road 123

$498,800
$1,069/ac · 467 ac
Acreage467 ac
Price per acre$1,069/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedMar 13, 2026
Coordinates46.2949, -84.4713
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
37
Moderate risk
Wetlands29.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.5%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

1,919 ft of deeded road frontage.

Power9,112 ft away

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

Buildable area311.75 of 466.80 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$536,502
$431,530$641,474 · $1,149/ac on 467 ac
Asking vs estimate
-7.0%
Priced below 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 $498,800
Maximum allowable offer
$306,573
$657/ac · +30.0% target margin

You need $192,227 off asking to hit this margin.

All-in cost$332,632
Net resale$493,582
Projected profit$160,950
ROI+48.4%
Annualized+69.2%
Break-even resale$775/ac
Profit if resale lands off target
-20%
$62,234
-10%
$111,592
0%
$160,950
+10%
$210,308
+20%
$259,667
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MI-439531
Dirt · Power at road
598.0Mar 12, 2026$799,1001,3361,2461.9 mi
83
MI-679020
Dirt · Off grid
413.0Oct 22, 2023$301,1007297864.5 mi
79
MI-438551
Dirt · Full utilities
294.0Jun 9, 2025$670,4002,2801,4544.8 mi
72
MI-388698
Paved · Full utilities
327.1Dec 5, 2024$817,1002,4981,2222.5 mi
71
MI-798162
Dirt · Full utilities
221.8Jan 4, 2026$407,4001,8371,0569.9 mi
69
Show adjustment detail for the top comp
  • Tract size (598.03 ac → 466.8 ac)+7.8%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (5 mo)+1.8%

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.