Comparable sales & offer analysis
Parcel MI-840300
Alger County, MI · 0.75 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$2,600
Adjusted value
$3,586
Value range
$2,848–$4,325
Comp $/acre
$4,782/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -27.5% versus the adjusted value.
Offer position
Max allowable offer
$2,049
Offer $/acre
$2,733/ac
Projected profit
$1,076
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-690250 | 0.7 | Jul 27, 2026 | $3,200 | 4,375 | 4,356 | 85 |
| MI-240187 | 0.7 | Aug 16, 2024 | $3,300 | 4,759 | 5,182 | 80 |
| MI-320790 | 1.1 | May 6, 2025 | $7,000 | 6,649 | 5,090 | 72 |
| MI-802229 | 3.0 | Jul 27, 2026 | $9,600 | 3,166 | 3,226 | 68 |
| MI-711018 | 1.3 | Mar 30, 2024 | $4,500 | 3,572 | 3,969 | 67 |
| MI-752042 | 2.6 | Jun 16, 2026 | $11,800 | 4,503 | 4,593 | 63 |
| MI-592119 | 2.8 | Dec 29, 2025 | $18,400 | 6,602 | 4,845 | 61 |
| MI-202178 | 2.9 | May 8, 2024 | $27,200 | 9,346 | 7,327 | 58 |
| MI-392603 | 4.0 | Jan 26, 2025 | $16,200 | 4,089 | 5,255 | 57 |
| MI-792606 | 4.0 | Sep 27, 2024 | $18,100 | 4,576 | 4,342 | 53 |
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.