Comparable sales & offer analysis
Parcel MI-677833
Alger County, MI · 175 ac · Agricultural · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$598,700
Adjusted value
$623,539
Value range
$509,834–$737,243
Comp $/acre
$3,567/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -4.0% versus the adjusted value.
Offer position
Max allowable offer
$356,308
Offer $/acre
$2,038/ac
Projected profit
$187,062
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-599144 | 451.8 | Jul 24, 2026 | $1,308,500 | 2,896 | 3,818 | 81 |
| MI-106984 | 94.5 | Jul 27, 2026 | $268,700 | 2,844 | 3,574 | 76 |
| MI-827448 | 132.3 | Oct 20, 2024 | $377,500 | 2,854 | 2,852 | 75 |
| MI-627308 | 119.5 | Jul 24, 2025 | $192,400 | 1,610 | 2,728 | 71 |
| MI-419490 | 580.5 | Apr 19, 2026 | $1,112,300 | 1,916 | 3,361 | 71 |
| MI-899532 | 598.5 | Jul 27, 2026 | $1,178,100 | 1,969 | 3,446 | 70 |
| MI-948234 | 233.7 | Jan 21, 2025 | $472,900 | 2,023 | 3,902 | 69 |
| MI-388932 | 387.5 | Aug 20, 2024 | $1,183,200 | 3,053 | 5,054 | 62 |
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.