Comparable sales & offer analysis
Parcel MI-816265
Chippewa County, MI · 56.13 ac · Residential · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$121,100
Adjusted value
$120,285
Value range
$105,264–$135,305
Comp $/acre
$2,143/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +0.7% versus the adjusted value.
Offer position
Max allowable offer
$68,734
Offer $/acre
$1,225/ac
Projected profit
$36,085
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-666678 | 75.7 | Oct 4, 2025 | $212,700 | 2,809 | 2,251 | 75 |
| MI-695729 | 38.1 | Sep 20, 2025 | $83,700 | 2,199 | 2,475 | 73 |
| MI-104584 | 16.6 | Jul 27, 2026 | $42,000 | 2,530 | 1,775 | 70 |
| MI-225730 | 38.1 | May 16, 2024 | $72,700 | 1,908 | 1,925 | 69 |
| MI-755476 | 31.7 | Jan 15, 2026 | $80,000 | 2,526 | 1,982 | 69 |
| MI-117255 | 115.0 | Oct 22, 2024 | $177,500 | 1,544 | 2,466 | 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.