Comparable sales & offer analysis
Parcel MI-415988
Iron County, MI · 45.93 ac · Mixed Use · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$193,900
Adjusted value
$161,692
Value range
$130,847–$192,538
Comp $/acre
$3,520/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +19.9% versus the adjusted value.
Offer position
Max allowable offer
$92,396
Offer $/acre
$2,012/ac
Projected profit
$48,508
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 | 3,720 | 77 |
| MI-693864 | 9.9 | Jul 27, 2026 | $26,300 | 2,670 | 3,257 | 70 |
| MI-587211 | 111.4 | Aug 6, 2025 | $348,400 | 3,128 | 2,821 | 67 |
| MI-844981 | 22.1 | Mar 21, 2025 | $55,300 | 2,499 | 2,775 | 65 |
| MI-957416 | 129.2 | Jul 28, 2025 | $576,300 | 4,460 | 4,863 | 65 |
| MI-424026 | 11.1 | Feb 16, 2026 | $49,800 | 4,486 | 3,253 | 65 |
| MI-468169 | 223.0 | Oct 25, 2024 | $559,900 | 2,511 | 3,992 | 60 |
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.