Comparable sales & offer analysis
Parcel MI-419490
Alger County, MI · 581 ac · Agricultural · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$1,056,300
Adjusted value
$1,268,220
Value range
$1,066,217–$1,470,222
Comp $/acre
$2,185/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -16.7% versus the adjusted value.
Offer position
Max allowable offer
$724,697
Offer $/acre
$1,248/ac
Projected profit
$380,466
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-899532 | 598.5 | Jul 27, 2026 | $1,178,100 | 1,969 | 1,991 | 90 |
| MI-599144 | 451.8 | Jul 24, 2026 | $1,308,500 | 2,896 | 2,206 | 84 |
| MI-749933 | 800.2 | Nov 5, 2025 | $1,522,600 | 1,903 | 2,168 | 77 |
| MI-677833 | 174.8 | Jul 27, 2026 | $519,100 | 2,970 | 1,720 | 73 |
| MI-388932 | 387.5 | Aug 20, 2024 | $1,183,200 | 3,053 | 2,921 | 64 |
| MI-948234 | 233.7 | Jan 21, 2025 | $472,900 | 2,023 | 2,255 | 58 |
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.