Comparable sales & offer analysis
Parcel MI-627308
Alger County, MI · 119 ac · Mixed Use · Landlocked · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$224,500
Adjusted value
$254,040
Value range
$198,457–$309,623
Comp $/acre
$2,126/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -11.6% versus the adjusted value.
Offer position
Max allowable offer
$145,166
Offer $/acre
$1,215/ac
Projected profit
$76,212
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| MI-106984 | 94.5 | Jul 27, 2026 | $268,700 | 2,844 | 2,203 | 86 |
| MI-677833 | 174.8 | Jul 27, 2026 | $519,100 | 2,970 | 1,835 | 79 |
| MI-827448 | 132.3 | Oct 20, 2024 | $377,500 | 2,854 | 1,758 | 74 |
| MI-935967 | 45.2 | Jul 27, 2026 | $118,400 | 2,618 | 1,665 | 72 |
| MI-948234 | 233.7 | Jan 21, 2025 | $472,900 | 2,023 | 2,405 | 69 |
| MI-388932 | 387.5 | Aug 20, 2024 | $1,183,200 | 3,053 | 3,116 | 58 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.