Comparable sales & offer analysis
Parcel MI-722049
Gogebic County, MI · 2.65 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$8,300
Adjusted value
$10,291
Value range
$8,444–$12,139
Comp $/acre
$3,884/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -19.4% versus the adjusted value.
Offer position
Max allowable offer
$5,881
Offer $/acre
$2,219/ac
Projected profit
$3,087
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 | 3,109 | 80 |
| MI-251289 | 1.5 | May 8, 2025 | $6,200 | 4,070 | 4,262 | 80 |
| MI-842123 | 2.8 | Sep 25, 2024 | $10,300 | 3,685 | 3,393 | 78 |
| MI-422288 | 3.1 | Jul 15, 2024 | $11,600 | 3,697 | 4,014 | 72 |
| MI-602428 | 3.5 | Jun 14, 2024 | $10,300 | 2,951 | 3,262 | 71 |
| MI-831461 | 1.7 | Apr 22, 2024 | $6,800 | 3,916 | 4,279 | 68 |
| MI-973136 | 5.8 | Aug 30, 2024 | $26,100 | 4,489 | 5,031 | 67 |
| MI-540987 | 1.2 | Jul 7, 2024 | $6,000 | 4,871 | 4,453 | 65 |
| MI-743545 | 7.8 | May 8, 2025 | $21,600 | 2,765 | 4,513 | 64 |
| MI-642808 | 4.6 | Jun 6, 2024 | $9,500 | 2,061 | 2,680 | 64 |
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.