Comparable sales & offer analysis
Parcel MI-240187
Alger County, MI · 0.69 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$3,300
Adjusted value
$3,119
Value range
$2,297–$3,940
Comp $/acre
$4,520/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +5.8% versus the adjusted value.
Offer position
Max allowable offer
$1,782
Offer $/acre
$2,583/ac
Projected profit
$936
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 | 4,359 | 85 |
| MI-840300 | 0.8 | Mar 1, 2025 | $2,300 | 3,016 | 3,220 | 82 |
| MI-320790 | 1.1 | May 6, 2025 | $7,000 | 6,649 | 5,093 | 67 |
| MI-592119 | 2.8 | Dec 29, 2025 | $18,400 | 6,602 | 4,848 | 66 |
| MI-711018 | 1.3 | Mar 30, 2024 | $4,500 | 3,572 | 3,972 | 65 |
| MI-802229 | 3.0 | Jul 27, 2026 | $9,600 | 3,166 | 3,228 | 63 |
| MI-752042 | 2.6 | Jun 16, 2026 | $11,800 | 4,503 | 4,596 | 62 |
| MI-202178 | 2.9 | May 8, 2024 | $27,200 | 9,346 | 7,332 | 62 |
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.