Comparable sales & offer analysis
Parcel MI-229385
Cheboygan County, MI · 538 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$1,500,400
Adjusted value
$1,446,101
Value range
$1,330,413–$1,561,790
Comp $/acre
$2,688/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +3.8% versus the adjusted value.
Offer position
Max allowable offer
$826,344
Offer $/acre
$1,536/ac
Projected profit
$433,830
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-158930 | 386.9 | Jul 27, 2026 | $743,800 | 1,922 | 3,019 | 82 |
| MI-128760 | 342.1 | Jul 27, 2026 | $984,000 | 2,876 | 2,518 | 80 |
| MI-649135 | 448.9 | Mar 4, 2025 | $1,017,300 | 2,266 | 2,678 | 77 |
| MI-908248 | 236.1 | Jun 10, 2025 | $671,200 | 2,843 | 2,722 | 66 |
| MI-707798 | 170.4 | Nov 9, 2024 | $460,700 | 2,704 | 2,419 | 56 |
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.