Comparable sales & offer analysis
Parcel MI-185369
Cheboygan County, MI · 29.33 ac · Agricultural · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$180,400
Adjusted value
$221,000
Value range
$184,810–$257,189
Comp $/acre
$7,535/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -18.4% versus the adjusted value.
Offer position
Max allowable offer
$126,286
Offer $/acre
$4,306/ac
Projected profit
$66,300
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-315146 | 24.9 | Jul 27, 2026 | $131,300 | 5,263 | 7,301 | 81 |
| MI-754888 | 20.7 | Nov 14, 2025 | $78,500 | 3,794 | 6,677 | 79 |
| MI-755022 | 22.8 | Dec 3, 2024 | $133,700 | 5,862 | 8,584 | 71 |
| MI-654731 | 18.5 | Jan 11, 2025 | $142,200 | 7,697 | 9,363 | 68 |
| MI-606531 | 68.1 | Jul 4, 2024 | $255,000 | 3,746 | 5,845 | 66 |
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.