Comparable sales & offer analysis
Parcel MI-736599
Gogebic County, MI · 71.50 ac · Mixed Use · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$210,900
Adjusted value
$288,101
Value range
$248,463–$327,738
Comp $/acre
$4,029/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -26.8% versus the adjusted value.
Offer position
Max allowable offer
$164,629
Offer $/acre
$2,303/ac
Projected profit
$86,430
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-837204 | 110.8 | Oct 26, 2025 | $336,100 | 3,033 | 3,600 | 79 |
| MI-507492 | 136.5 | May 5, 2026 | $361,900 | 2,650 | 4,457 | 72 |
| MI-787495 | 136.8 | Mar 31, 2025 | $309,200 | 2,260 | 4,677 | 62 |
| MI-303799 | 9.4 | Jun 16, 2025 | $24,300 | 2,577 | 4,216 | 56 |
| MI-669596 | 626.9 | Oct 30, 2025 | $625,000 | 997 | 3,126 | 53 |
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.