Comparable sales & offer analysis
Parcel MI-587211
Iron County, MI · 111 ac · Unzoned · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$355,500
Adjusted value
$462,487
Value range
$355,984–$568,990
Comp $/acre
$4,152/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -23.1% versus the adjusted value.
Offer position
Max allowable offer
$264,278
Offer $/acre
$2,373/ac
Projected profit
$138,746
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-957416 | 129.2 | Jul 28, 2025 | $576,300 | 4,460 | 5,654 | 75 |
| MI-415988 | 45.9 | Jul 27, 2026 | $186,500 | 4,061 | 4,759 | 74 |
| MI-468169 | 223.0 | Oct 25, 2024 | $559,900 | 2,511 | 4,641 | 68 |
| MI-135517 | 32.6 | Sep 27, 2025 | $175,700 | 5,381 | 4,325 | 68 |
| MI-888917 | 383.3 | Jul 27, 2026 | $400,300 | 1,044 | 3,132 | 66 |
| MI-898643 | 314.3 | Jun 19, 2026 | $358,400 | 1,140 | 3,239 | 66 |
| MI-898880 | 373.2 | Apr 21, 2024 | $672,900 | 1,803 | 2,876 | 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.