Comparable sales & offer analysis
Parcel MI-392603
Alger County, MI · 3.95 ac · Mixed Use · Dirt · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$17,000
Adjusted value
$14,623
Value range
$10,899–$18,347
Comp $/acre
$3,702/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +16.3% versus the adjusted value.
Offer position
Max allowable offer
$8,356
Offer $/acre
$2,115/ac
Projected profit
$4,387
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-802229 | 3.0 | Jul 27, 2026 | $9,600 | 3,166 | 2,673 | 83 |
| MI-752042 | 2.6 | Jun 16, 2026 | $11,800 | 4,503 | 3,805 | 77 |
| MI-592119 | 2.8 | Dec 29, 2025 | $18,400 | 6,602 | 4,015 | 76 |
| MI-792606 | 4.0 | Sep 27, 2024 | $18,100 | 4,576 | 3,599 | 76 |
| MI-833771 | 9.2 | Apr 1, 2026 | $29,000 | 3,140 | 2,839 | 76 |
| MI-202178 | 2.9 | May 8, 2024 | $27,200 | 9,346 | 6,074 | 74 |
| MI-363186 | 6.0 | Mar 15, 2025 | $25,900 | 4,302 | 3,237 | 71 |
| MI-193351 | 6.8 | May 26, 2024 | $18,000 | 2,654 | 3,201 | 64 |
| MI-503894 | 10.1 | Oct 3, 2024 | $45,300 | 4,490 | 4,340 | 62 |
| MI-711018 | 1.3 | Mar 30, 2024 | $4,500 | 3,572 | 3,291 | 59 |
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.