Comparable sales & offer analysis
Parcel MI-103145
Cheboygan County, MI · 5.86 ac · Unzoned · Landlocked · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$27,800
Adjusted value
$26,344
Value range
$22,039–$30,649
Comp $/acre
$4,496/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +5.5% versus the adjusted value.
Offer position
Max allowable offer
$15,054
Offer $/acre
$2,569/ac
Projected profit
$7,903
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-323319 | 6.6 | Mar 10, 2026 | $37,700 | 5,676 | 4,601 | 85 |
| MI-373266 | 6.4 | Jun 23, 2024 | $24,100 | 3,773 | 4,132 | 80 |
| MI-872469 | 3.6 | Jul 27, 2026 | $22,100 | 6,153 | 4,106 | 78 |
| MI-961430 | 1.7 | Jul 27, 2026 | $9,600 | 5,710 | 4,349 | 75 |
| MI-463399 | 7.0 | Dec 31, 2023 | $38,100 | 5,418 | 4,863 | 74 |
| MI-142292 | 3.2 | Jan 11, 2026 | $10,900 | 3,458 | 3,215 | 69 |
| MI-902177 | 2.9 | Aug 24, 2024 | $13,400 | 4,637 | 4,885 | 65 |
| MI-654731 | 18.5 | Jan 11, 2025 | $142,200 | 7,697 | 6,131 | 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.