Comparable sales & offer analysis
Parcel MI-320790
Alger County, MI · 1.06 ac · Agricultural · Paved · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$6,700
Adjusted value
$6,589
Value range
$4,869–$8,309
Comp $/acre
$6,216/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +1.7% versus the adjusted value.
Offer position
Max allowable offer
$3,765
Offer $/acre
$3,552/ac
Projected profit
$1,977
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 | 6,028 | 79 |
| MI-802229 | 3.0 | Jul 27, 2026 | $9,600 | 3,166 | 4,464 | 78 |
| MI-711018 | 1.3 | Mar 30, 2024 | $4,500 | 3,572 | 5,493 | 71 |
| MI-840300 | 0.8 | Mar 1, 2025 | $2,300 | 3,016 | 4,453 | 71 |
| MI-752042 | 2.6 | Jun 16, 2026 | $11,800 | 4,503 | 6,355 | 70 |
| MI-592119 | 2.8 | Dec 29, 2025 | $18,400 | 6,602 | 6,704 | 64 |
| MI-240187 | 0.7 | Aug 16, 2024 | $3,300 | 4,759 | 7,170 | 64 |
| MI-202178 | 2.9 | May 8, 2024 | $27,200 | 9,346 | 10,139 | 57 |
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.