Comparable sales & offer analysis
Parcel MI-592119
Alger County, MI · 2.78 ac · Mixed Use · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$18,100
Adjusted value
$17,655
Value range
$13,068–$22,241
Comp $/acre
$6,351/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +2.5% versus the adjusted value.
Offer position
Max allowable offer
$10,088
Offer $/acre
$3,629/ac
Projected profit
$5,296
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-752042 | 2.6 | Jun 16, 2026 | $11,800 | 4,503 | 6,423 | 87 |
| MI-802229 | 3.0 | Jul 27, 2026 | $9,600 | 3,166 | 4,511 | 84 |
| MI-202178 | 2.9 | May 8, 2024 | $27,200 | 9,346 | 10,251 | 80 |
| MI-392603 | 4.0 | Jan 26, 2025 | $16,200 | 4,089 | 7,351 | 71 |
| MI-792606 | 4.0 | Sep 27, 2024 | $18,100 | 4,576 | 6,074 | 69 |
| MI-363186 | 6.0 | Mar 15, 2025 | $25,900 | 4,302 | 5,463 | 67 |
| MI-833771 | 9.2 | Apr 1, 2026 | $29,000 | 3,140 | 4,792 | 63 |
| MI-711018 | 1.3 | Mar 30, 2024 | $4,500 | 3,572 | 5,554 | 62 |
| MI-320790 | 1.1 | May 6, 2025 | $7,000 | 6,649 | 7,120 | 61 |
| MI-193351 | 6.8 | May 26, 2024 | $18,000 | 2,654 | 5,402 | 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.