Comparable sales & offer analysis
Parcel MI-106984
Alger County, MI · 94.49 ac · Unzoned · Landlocked · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$256,900
Adjusted value
$256,305
Value range
$184,540–$328,071
Comp $/acre
$2,713/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +0.2% versus the adjusted value.
Offer position
Max allowable offer
$146,460
Offer $/acre
$1,550/ac
Projected profit
$76,892
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-627308 | 119.5 | Jul 24, 2025 | $192,400 | 1,610 | 2,187 | 77 |
| MI-677833 | 174.8 | Jul 27, 2026 | $519,100 | 2,970 | 2,387 | 74 |
| MI-935967 | 45.2 | Jul 27, 2026 | $118,400 | 2,618 | 2,166 | 73 |
| MI-827448 | 132.3 | Oct 20, 2024 | $377,500 | 2,854 | 2,286 | 70 |
| MI-675445 | 31.0 | Mar 22, 2026 | $146,100 | 4,713 | 4,353 | 67 |
| MI-948234 | 233.7 | Jan 21, 2025 | $472,900 | 2,023 | 3,128 | 60 |
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.