Comparable sales & offer analysis
Parcel MI-872469
Cheboygan County, MI · 3.59 ac · Mixed Use · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$23,700
Adjusted value
$24,225
Value range
$20,863–$27,587
Comp $/acre
$6,748/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -2.2% versus the adjusted value.
Offer position
Max allowable offer
$13,843
Offer $/acre
$3,856/ac
Projected profit
$7,268
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-142292 | 3.2 | Jan 11, 2026 | $10,900 | 3,458 | 4,828 | 82 |
| MI-103145 | 5.9 | Jul 27, 2026 | $27,400 | 4,682 | 7,047 | 78 |
| MI-961430 | 1.7 | Jul 27, 2026 | $9,600 | 5,710 | 6,531 | 77 |
| MI-323319 | 6.6 | Mar 10, 2026 | $37,700 | 5,676 | 6,910 | 76 |
| MI-902177 | 2.9 | Aug 24, 2024 | $13,400 | 4,637 | 7,336 | 75 |
| MI-373266 | 6.4 | Jun 23, 2024 | $24,100 | 3,773 | 6,205 | 68 |
| MI-681233 | 1.5 | Feb 3, 2025 | $7,800 | 5,336 | 8,178 | 66 |
| MI-463399 | 7.0 | Dec 31, 2023 | $38,100 | 5,418 | 7,303 | 65 |
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.