Comparable sales & offer analysis
Parcel MI-842123
Gogebic County, MI · 2.79 ac · Mixed Use · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$10,200
Adjusted value
$13,227
Value range
$11,311–$15,142
Comp $/acre
$4,741/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -22.9% versus the adjusted value.
Offer position
Max allowable offer
$7,558
Offer $/acre
$2,709/ac
Projected profit
$3,968
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-742335 | 3.3 | Apr 14, 2026 | $8,500 | 2,606 | 3,664 | 83 |
| MI-722049 | 2.6 | Jan 3, 2024 | $8,300 | 3,120 | 4,101 | 76 |
| MI-422288 | 3.1 | Jul 15, 2024 | $11,600 | 3,697 | 4,730 | 73 |
| MI-251289 | 1.5 | May 8, 2025 | $6,200 | 4,070 | 5,023 | 71 |
| MI-602428 | 3.5 | Jun 14, 2024 | $10,300 | 2,951 | 3,844 | 67 |
| MI-303799 | 9.4 | Jun 16, 2025 | $24,300 | 2,577 | 5,002 | 64 |
| MI-540987 | 1.2 | Jul 7, 2024 | $6,000 | 4,871 | 5,247 | 63 |
| MI-973136 | 5.8 | Aug 30, 2024 | $26,100 | 4,489 | 5,928 | 63 |
| MI-831461 | 1.7 | Apr 22, 2024 | $6,800 | 3,916 | 5,043 | 63 |
| MI-743545 | 7.8 | May 8, 2025 | $21,600 | 2,765 | 5,318 | 63 |
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.