Comparable sales & offer analysis
Parcel MI-187558
Delta County, MI · 143 ac · Agricultural · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$400,900
Adjusted value
$367,388
Value range
$309,186–$425,589
Comp $/acre
$2,565/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +9.1% versus the adjusted value.
Offer position
Max allowable offer
$209,936
Offer $/acre
$1,466/ac
Projected profit
$110,216
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-418182 | 225.1 | Jul 27, 2026 | $689,400 | 3,063 | 2,427 | 71 |
| MI-937179 | 108.8 | Nov 10, 2024 | $170,000 | 1,562 | 1,849 | 70 |
| MI-116932 | 91.0 | Sep 13, 2025 | $154,800 | 1,701 | 2,741 | 70 |
| MI-165570 | 33.9 | Oct 18, 2024 | $114,100 | 3,364 | 3,114 | 61 |
| MI-575746 | 38.5 | Mar 3, 2025 | $150,600 | 3,907 | 2,539 | 56 |
| MI-345564 | 33.8 | Mar 1, 2024 | $102,500 | 3,034 | 2,875 | 52 |
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.