Comparable sales & offer analysis
Parcel MI-233018
Iron County, MI · 5.34 ac · Mixed Use · Landlocked · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$19,100
Adjusted value
$21,666
Value range
$18,326–$25,006
Comp $/acre
$4,057/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -11.8% versus the adjusted value.
Offer position
Max allowable offer
$12,380
Offer $/acre
$2,318/ac
Projected profit
$6,500
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 | 3,991 | 84 |
| MI-541507 | 1.8 | Jul 5, 2026 | $11,400 | 6,388 | 4,219 | 77 |
| MI-111709 | 2.1 | Jul 27, 2026 | $6,500 | 3,128 | 2,966 | 69 |
| MI-424026 | 11.1 | Feb 16, 2026 | $49,800 | 4,486 | 3,987 | 69 |
| MI-592151 | 2.9 | May 30, 2025 | $14,700 | 5,156 | 5,107 | 66 |
| MI-131323 | 1.6 | Dec 25, 2025 | $7,500 | 4,824 | 4,609 | 64 |
| MI-231493 | 1.8 | Apr 11, 2025 | $6,400 | 3,622 | 3,568 | 63 |
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.