Comparable sales & offer analysis
Parcel MI-179959
Gogebic County, MI · 815 ac · Unzoned · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$805,800
Adjusted value
$1,271,580
Value range
$1,022,851–$1,520,308
Comp $/acre
$1,559/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -36.6% versus the adjusted value.
Offer position
Max allowable offer
$726,617
Offer $/acre
$891/ac
Projected profit
$381,474
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-669596 | 626.9 | Oct 30, 2025 | $625,000 | 997 | 1,311 | 74 |
| MI-507492 | 136.5 | May 5, 2026 | $361,900 | 2,650 | 1,870 | 59 |
| MI-837204 | 110.8 | Oct 26, 2025 | $336,100 | 3,033 | 1,510 | 58 |
| MI-787495 | 136.8 | Mar 31, 2025 | $309,200 | 2,260 | 1,962 | 57 |
| MI-736599 | 71.5 | Sep 18, 2024 | $182,200 | 2,549 | 1,154 | 49 |
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.