Comparable sales & offer analysis
Parcel MI-323319
Cheboygan County, MI · 6.64 ac · Mixed Use · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$42,300
Adjusted value
$38,566
Value range
$32,018–$45,115
Comp $/acre
$5,808/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +9.7% versus the adjusted value.
Offer position
Max allowable offer
$22,038
Offer $/acre
$3,319/ac
Projected profit
$11,570
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-103145 | 5.9 | Jul 27, 2026 | $27,400 | 4,682 | 5,894 | 88 |
| MI-872469 | 3.6 | Jul 27, 2026 | $22,100 | 6,153 | 5,158 | 80 |
| MI-373266 | 6.4 | Jun 23, 2024 | $24,100 | 3,773 | 5,190 | 74 |
| MI-463399 | 7.0 | Dec 31, 2023 | $38,100 | 5,418 | 6,108 | 71 |
| MI-142292 | 3.2 | Jan 11, 2026 | $10,900 | 3,458 | 4,038 | 70 |
| MI-754888 | 20.7 | Nov 14, 2025 | $78,500 | 3,794 | 5,492 | 65 |
| MI-755022 | 22.8 | Dec 3, 2024 | $133,700 | 5,862 | 7,060 | 63 |
| MI-902177 | 2.9 | Aug 24, 2024 | $13,400 | 4,637 | 6,136 | 61 |
| MI-654731 | 18.5 | Jan 11, 2025 | $142,200 | 7,697 | 7,701 | 60 |
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.