Comparable sales & offer analysis
Parcel MI-415988
Iron County, MI · 45.93 ac · Mixed Use · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$193,900
Adjusted value
$160,803
Value range
$130,137–$191,469
Comp $/acre
$3,501/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +20.6% versus the adjusted value.
Offer position
Max allowable offer
$91,887
Offer $/acre
$2,001/ac
Projected profit
$48,241
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-135517 | 32.6 | Sep 27, 2025 | $175,700 | 5,381 | 3,700 | 78 |
| MI-693864 | 9.9 | Jul 27, 2026 | $26,300 | 2,670 | 3,239 | 72 |
| MI-587211 | 111.4 | Aug 6, 2025 | $348,400 | 3,128 | 2,806 | 67 |
| MI-424026 | 11.1 | Feb 16, 2026 | $49,800 | 4,486 | 3,236 | 66 |
| MI-844981 | 22.1 | Mar 21, 2025 | $55,300 | 2,499 | 2,761 | 66 |
| MI-957416 | 129.2 | Jul 28, 2025 | $576,300 | 4,460 | 4,837 | 66 |
| MI-468169 | 223.0 | Oct 25, 2024 | $559,900 | 2,511 | 3,971 | 61 |
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.