Comparable sales & offer analysis
Parcel MI-363186
Alger County, MI · 6.03 ac · Unzoned · Dirt · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$28,600
Adjusted value
$32,093
Value range
$24,394–$39,791
Comp $/acre
$5,322/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -10.9% versus the adjusted value.
Offer position
Max allowable offer
$18,339
Offer $/acre
$3,041/ac
Projected profit
$9,628
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-802229 | 3.0 | Jul 27, 2026 | $9,600 | 3,166 | 3,764 | 80 |
| MI-833771 | 9.2 | Apr 1, 2026 | $29,000 | 3,140 | 3,998 | 77 |
| MI-752042 | 2.6 | Jun 16, 2026 | $11,800 | 4,503 | 5,359 | 75 |
| MI-792606 | 4.0 | Sep 27, 2024 | $18,100 | 4,576 | 5,068 | 74 |
| MI-592119 | 2.8 | Dec 29, 2025 | $18,400 | 6,602 | 5,654 | 71 |
| MI-193351 | 6.8 | May 26, 2024 | $18,000 | 2,654 | 4,508 | 71 |
| MI-392603 | 4.0 | Jan 26, 2025 | $16,200 | 4,089 | 6,133 | 70 |
| MI-503894 | 10.1 | Oct 3, 2024 | $45,300 | 4,490 | 6,112 | 67 |
| MI-202178 | 2.9 | May 8, 2024 | $27,200 | 9,346 | 8,553 | 63 |
| MI-464649 | 17.4 | Aug 20, 2024 | $56,900 | 3,269 | 4,718 | 63 |
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.