Comparable sales & offer analysis
Parcel MI-373266
Cheboygan County, MI · 6.39 ac · Unzoned · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$28,000
Adjusted value
$29,288
Value range
$24,640–$33,936
Comp $/acre
$4,583/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -4.4% versus the adjusted value.
Offer position
Max allowable offer
$16,736
Offer $/acre
$2,619/ac
Projected profit
$8,786
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 | 4,697 | 91 |
| MI-323319 | 6.6 | Mar 10, 2026 | $37,700 | 5,676 | 4,605 | 82 |
| MI-872469 | 3.6 | Jul 27, 2026 | $22,100 | 6,153 | 4,110 | 79 |
| MI-463399 | 7.0 | Dec 31, 2023 | $38,100 | 5,418 | 4,865 | 75 |
| MI-142292 | 3.2 | Jan 11, 2026 | $10,900 | 3,458 | 3,218 | 71 |
| MI-902177 | 2.9 | Aug 24, 2024 | $13,400 | 4,637 | 4,887 | 68 |
| MI-754888 | 20.7 | Nov 14, 2025 | $78,500 | 3,794 | 4,375 | 67 |
| MI-654731 | 18.5 | Jan 11, 2025 | $142,200 | 7,697 | 6,134 | 61 |
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.