Comparable sales & offer analysis
Parcel MI-837204
Gogebic County, MI · 111 ac · Mixed Use · Paved · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$335,800
Adjusted value
$338,433
Value range
$246,079–$430,786
Comp $/acre
$3,054/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -0.8% versus the adjusted value.
Offer position
Max allowable offer
$193,390
Offer $/acre
$1,745/ac
Projected profit
$101,530
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-507492 | 136.5 | May 5, 2026 | $361,900 | 2,650 | 3,882 | 79 |
| MI-736599 | 71.5 | Sep 18, 2024 | $182,200 | 2,549 | 2,398 | 73 |
| MI-787495 | 136.8 | Mar 31, 2025 | $309,200 | 2,260 | 4,074 | 68 |
| MI-179959 | 815.4 | Jul 27, 2026 | $776,800 | 953 | 1,993 | 65 |
| MI-669596 | 626.9 | Oct 30, 2025 | $625,000 | 997 | 2,722 | 54 |
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.