Comparable sales & offer analysis
Parcel MI-267217
Cheboygan County, MI · 112 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$321,000
Adjusted value
$394,346
Value range
$355,471–$433,221
Comp $/acre
$3,525/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -18.6% versus the adjusted value.
Offer position
Max allowable offer
$225,341
Offer $/acre
$2,014/ac
Projected profit
$118,304
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-997401 | 127.8 | Feb 21, 2025 | $461,000 | 3,607 | 3,918 | 72 |
| MI-128760 | 342.1 | Jul 27, 2026 | $984,000 | 2,876 | 3,336 | 70 |
| MI-707798 | 170.4 | Nov 9, 2024 | $460,700 | 2,704 | 3,206 | 69 |
| MI-606531 | 68.1 | Jul 4, 2024 | $255,000 | 3,746 | 3,081 | 68 |
| MI-158930 | 386.9 | Jul 27, 2026 | $743,800 | 1,922 | 4,000 | 67 |
| MI-908248 | 236.1 | Jun 10, 2025 | $671,200 | 2,843 | 3,607 | 65 |
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.