Comparable sales & offer analysis
Parcel MI-464649
Alger County, MI · 17.41 ac · Mixed Use · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$67,600
Adjusted value
$70,397
Value range
$51,412–$89,381
Comp $/acre
$4,043/ac
Weighted from 7 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
$40,227
Offer $/acre
$2,311/ac
Projected profit
$21,119
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-675445 | 31.0 | Mar 22, 2026 | $146,100 | 4,713 | 6,112 | 75 |
| MI-935967 | 45.2 | Jul 27, 2026 | $118,400 | 2,618 | 3,041 | 75 |
| MI-833771 | 9.2 | Apr 1, 2026 | $29,000 | 3,140 | 3,001 | 74 |
| MI-503894 | 10.1 | Oct 3, 2024 | $45,300 | 4,490 | 4,589 | 67 |
| MI-105228 | 26.5 | Apr 19, 2024 | $129,000 | 4,872 | 4,636 | 66 |
| MI-363186 | 6.0 | Mar 15, 2025 | $25,900 | 4,302 | 3,422 | 65 |
| MI-193351 | 6.8 | May 26, 2024 | $18,000 | 2,654 | 3,384 | 59 |
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.