Comparable sales & offer analysis
Parcel MI-754888
Cheboygan County, MI · 20.70 ac · Agricultural · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$76,100
Adjusted value
$88,719
Value range
$74,465–$102,973
Comp $/acre
$4,286/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -14.2% versus the adjusted value.
Offer position
Max allowable offer
$50,697
Offer $/acre
$2,449/ac
Projected profit
$26,616
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-185369 | 29.3 | Jul 27, 2026 | $176,100 | 6,003 | 3,546 | 83 |
| MI-315146 | 24.9 | Jul 27, 2026 | $131,300 | 5,263 | 4,303 | 82 |
| MI-755022 | 22.8 | Dec 3, 2024 | $133,700 | 5,862 | 5,057 | 77 |
| MI-654731 | 18.5 | Jan 11, 2025 | $142,200 | 7,697 | 5,516 | 73 |
| MI-323319 | 6.6 | Mar 10, 2026 | $37,700 | 5,676 | 4,141 | 67 |
| MI-373266 | 6.4 | Jun 23, 2024 | $24,100 | 3,773 | 3,718 | 61 |
| MI-606531 | 68.1 | Jul 4, 2024 | $255,000 | 3,746 | 3,443 | 59 |
| MI-463399 | 7.0 | Dec 31, 2023 | $38,100 | 5,418 | 4,375 | 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.