Comparable sales & offer analysis
Parcel MI-135517
Iron County, MI · 32.65 ac · Mixed Use · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$168,300
Adjusted value
$160,891
Value range
$136,684–$185,098
Comp $/acre
$4,928/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +4.6% versus the adjusted value.
Offer position
Max allowable offer
$91,938
Offer $/acre
$2,816/ac
Projected profit
$48,267
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-415988 | 45.9 | Jul 27, 2026 | $186,500 | 4,061 | 6,140 | 85 |
| MI-693864 | 9.9 | Jul 27, 2026 | $26,300 | 2,670 | 4,887 | 72 |
| MI-587211 | 111.4 | Aug 6, 2025 | $348,400 | 3,128 | 4,233 | 68 |
| MI-424026 | 11.1 | Feb 16, 2026 | $49,800 | 4,486 | 4,881 | 67 |
| MI-844981 | 22.1 | Mar 21, 2025 | $55,300 | 2,499 | 4,165 | 65 |
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.