Comparable sales & offer analysis
Parcel MI-599144
Alger County, MI · 452 ac · Agricultural · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$1,274,100
Adjusted value
$1,241,547
Value range
$1,010,290–$1,472,805
Comp $/acre
$2,748/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +2.6% versus the adjusted value.
Offer position
Max allowable offer
$709,456
Offer $/acre
$1,570/ac
Projected profit
$372,464
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-677833 | 174.8 | Jul 27, 2026 | $519,100 | 2,970 | 2,263 | 81 |
| MI-419490 | 580.5 | Apr 19, 2026 | $1,112,300 | 1,916 | 2,556 | 81 |
| MI-899532 | 598.5 | Jul 27, 2026 | $1,178,100 | 1,969 | 2,621 | 80 |
| MI-388932 | 387.5 | Aug 20, 2024 | $1,183,200 | 3,053 | 3,844 | 72 |
| MI-749933 | 800.2 | Nov 5, 2025 | $1,522,600 | 1,903 | 2,853 | 71 |
| MI-948234 | 233.7 | Jan 21, 2025 | $472,900 | 2,023 | 2,968 | 64 |
| MI-827448 | 132.3 | Oct 20, 2024 | $377,500 | 2,854 | 2,169 | 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.