Comparable sales & offer analysis
Parcel MI-117255
Chippewa County, MI · 115 ac · Agricultural · Landlocked · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$195,300
Adjusted value
$181,819
Value range
$157,654–$205,984
Comp $/acre
$1,581/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +7.4% versus the adjusted value.
Offer position
Max allowable offer
$103,897
Offer $/acre
$904/ac
Projected profit
$54,546
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 | 1,516 | 72 |
| MI-816265 | 56.1 | May 5, 2026 | $118,200 | 2,106 | 1,443 | 71 |
| MI-798162 | 221.8 | Jan 4, 2026 | $407,400 | 1,837 | 1,457 | 68 |
| MI-438551 | 294.0 | Jun 9, 2025 | $670,400 | 2,280 | 2,007 | 64 |
| MI-695729 | 38.1 | Sep 20, 2025 | $83,700 | 2,199 | 1,667 | 64 |
| MI-388698 | 327.1 | Dec 5, 2024 | $817,100 | 2,498 | 1,687 | 60 |
| MI-225730 | 38.1 | May 16, 2024 | $72,700 | 1,908 | 1,297 | 57 |
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.