Comparable sales & offer analysis
Parcel MI-681233
Cheboygan County, MI · 1.47 ac · Mixed Use · Landlocked · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$8,600
Adjusted value
$6,496
Value range
$5,719–$7,272
Comp $/acre
$4,419/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +32.4% versus the adjusted value.
Offer position
Max allowable offer
$3,712
Offer $/acre
$2,525/ac
Projected profit
$1,949
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-961430 | 1.7 | Jul 27, 2026 | $9,600 | 5,710 | 4,535 | 85 |
| MI-872469 | 3.6 | Jul 27, 2026 | $22,100 | 6,153 | 4,282 | 76 |
| MI-380700 | 1.0 | Jan 10, 2025 | $3,500 | 3,531 | 4,411 | 74 |
| MI-142292 | 3.2 | Jan 11, 2026 | $10,900 | 3,458 | 3,352 | 67 |
| MI-902177 | 2.9 | Aug 24, 2024 | $13,400 | 4,637 | 5,094 | 66 |
| MI-700268 | 0.7 | Oct 31, 2024 | $3,600 | 4,892 | 4,856 | 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.