Comparable sales & offer analysis
Parcel MI-111709
Iron County, MI · 2.07 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$7,000
Adjusted value
$9,590
Value range
$7,813–$11,366
Comp $/acre
$4,633/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -27.0% versus the adjusted value.
Offer position
Max allowable offer
$5,480
Offer $/acre
$2,647/ac
Projected profit
$2,877
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-541507 | 1.8 | Jul 5, 2026 | $11,400 | 6,388 | 4,460 | 84 |
| MI-131323 | 1.6 | Dec 25, 2025 | $7,500 | 4,824 | 4,871 | 76 |
| MI-270417 | 0.8 | Jul 27, 2026 | $6,000 | 7,404 | 6,208 | 75 |
| MI-592151 | 2.9 | May 30, 2025 | $14,700 | 5,156 | 5,397 | 71 |
| MI-231493 | 1.8 | Apr 11, 2025 | $6,400 | 3,622 | 3,771 | 71 |
| MI-233018 | 5.3 | Jul 27, 2026 | $16,700 | 3,130 | 3,315 | 69 |
| MI-600400 | 0.8 | Jul 27, 2026 | $3,900 | 4,832 | 4,725 | 68 |
| MI-540624 | 0.9 | Sep 3, 2024 | $4,300 | 4,545 | 4,132 | 59 |
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.