Comparable sales & offer analysis
Parcel MI-233018
Iron County, MI · 5.34 ac · Mixed Use · Landlocked · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$19,100
Adjusted value
$21,790
Value range
$18,433–$25,147
Comp $/acre
$4,081/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -12.3% versus the adjusted value.
Offer position
Max allowable offer
$12,451
Offer $/acre
$2,332/ac
Projected profit
$6,537
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-693864 | 9.9 | Jul 27, 2026 | $26,300 | 2,670 | 4,013 | 82 |
| MI-541507 | 1.8 | Jul 5, 2026 | $11,400 | 6,388 | 4,243 | 76 |
| MI-111709 | 2.1 | Jul 27, 2026 | $6,500 | 3,128 | 2,983 | 68 |
| MI-424026 | 11.1 | Feb 16, 2026 | $49,800 | 4,486 | 4,009 | 68 |
| MI-592151 | 2.9 | May 30, 2025 | $14,700 | 5,156 | 5,134 | 65 |
| MI-131323 | 1.6 | Dec 25, 2025 | $7,500 | 4,824 | 4,634 | 63 |
| MI-231493 | 1.8 | Apr 11, 2025 | $6,400 | 3,622 | 3,587 | 62 |
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.