Comparable sales & offer analysis
Parcel MI-111709
Iron County, MI · 2.07 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$7,000
Adjusted value
$9,641
Value range
$7,856–$11,426
Comp $/acre
$4,658/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -27.4% versus the adjusted value.
Offer position
Max allowable offer
$5,509
Offer $/acre
$2,661/ac
Projected profit
$2,892
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 | 4,484 | 83 |
| MI-131323 | 1.6 | Dec 25, 2025 | $7,500 | 4,824 | 4,898 | 75 |
| MI-270417 | 0.8 | Jul 27, 2026 | $6,000 | 7,404 | 6,243 | 73 |
| MI-592151 | 2.9 | May 30, 2025 | $14,700 | 5,156 | 5,426 | 71 |
| MI-231493 | 1.8 | Apr 11, 2025 | $6,400 | 3,622 | 3,791 | 70 |
| MI-233018 | 5.3 | Jul 27, 2026 | $16,700 | 3,130 | 3,334 | 68 |
| MI-600400 | 0.8 | Jul 27, 2026 | $3,900 | 4,832 | 4,751 | 66 |
| MI-540624 | 0.9 | Sep 3, 2024 | $4,300 | 4,545 | 4,153 | 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.