Comparable sales & offer analysis
Parcel MI-202178
Alger County, MI · 2.91 ac · Mixed Use · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$26,000
Adjusted value
$17,412
Value range
$14,690–$20,134
Comp $/acre
$5,983/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +49.3% versus the adjusted value.
Offer position
Max allowable offer
$9,950
Offer $/acre
$3,419/ac
Projected profit
$5,224
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-592119 | 2.8 | Dec 29, 2025 | $18,400 | 6,602 | 6,804 | 87 |
| MI-802229 | 3.0 | Jul 27, 2026 | $9,600 | 3,166 | 4,531 | 84 |
| MI-752042 | 2.6 | Jun 16, 2026 | $11,800 | 4,503 | 6,450 | 80 |
| MI-392603 | 4.0 | Jan 26, 2025 | $16,200 | 4,089 | 7,380 | 76 |
| MI-792606 | 4.0 | Sep 27, 2024 | $18,100 | 4,576 | 6,098 | 69 |
| MI-833771 | 9.2 | Apr 1, 2026 | $29,000 | 3,140 | 4,812 | 68 |
| MI-363186 | 6.0 | Mar 15, 2025 | $25,900 | 4,302 | 5,485 | 66 |
| MI-711018 | 1.3 | Mar 30, 2024 | $4,500 | 3,572 | 5,575 | 63 |
| MI-193351 | 6.8 | May 26, 2024 | $18,000 | 2,654 | 5,423 | 61 |
| MI-320790 | 1.1 | May 6, 2025 | $7,000 | 6,649 | 7,149 | 61 |
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.