Comparable sales & offer analysis
Parcel MI-606531
Cheboygan County, MI · 68.06 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$285,200
Adjusted value
$319,005
Value range
$271,324–$366,687
Comp $/acre
$4,687/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -10.6% versus the adjusted value.
Offer position
Max allowable offer
$182,289
Offer $/acre
$2,678/ac
Projected profit
$95,702
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 | 4,199 | 78 |
| MI-997401 | 127.8 | Feb 21, 2025 | $461,000 | 3,607 | 5,188 | 73 |
| MI-315146 | 24.9 | Jul 27, 2026 | $131,300 | 5,263 | 5,095 | 72 |
| MI-267217 | 111.9 | Jun 16, 2025 | $281,500 | 2,516 | 3,495 | 72 |
| MI-754888 | 20.7 | Nov 14, 2025 | $78,500 | 3,794 | 4,660 | 66 |
| MI-908248 | 236.1 | Jun 10, 2025 | $671,200 | 2,843 | 4,776 | 63 |
| MI-707798 | 170.4 | Nov 9, 2024 | $460,700 | 2,704 | 4,245 | 63 |
| MI-755022 | 22.8 | Dec 3, 2024 | $133,700 | 5,862 | 5,991 | 63 |
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.