Comparable sales & offer analysis
Parcel MI-105228
Alger County, MI · 26.48 ac · Recreational · Dirt · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$141,300
Adjusted value
$125,411
Value range
$90,296–$160,526
Comp $/acre
$4,736/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +12.7% versus the adjusted value.
Offer position
Max allowable offer
$71,663
Offer $/acre
$2,706/ac
Projected profit
$37,623
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 | 7,050 | 83 |
| MI-935967 | 45.2 | Jul 27, 2026 | $118,400 | 2,618 | 3,508 | 77 |
| MI-833771 | 9.2 | Apr 1, 2026 | $29,000 | 3,140 | 3,462 | 70 |
| MI-464649 | 17.4 | Aug 20, 2024 | $56,900 | 3,269 | 4,086 | 67 |
| MI-503894 | 10.1 | Oct 3, 2024 | $45,300 | 4,490 | 5,293 | 65 |
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.