Comparable sales & offer analysis
Parcel MI-468169
Iron County, MI · 223 ac · Unzoned · Dirt · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$536,300
Adjusted value
$471,964
Value range
$341,238–$602,690
Comp $/acre
$2,117/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +13.6% versus the adjusted value.
Offer position
Max allowable offer
$269,694
Offer $/acre
$1,210/ac
Projected profit
$141,589
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-898643 | 314.3 | Jun 19, 2026 | $358,400 | 1,140 | 1,895 | 76 |
| MI-888917 | 383.3 | Jul 27, 2026 | $400,300 | 1,044 | 1,833 | 75 |
| MI-587211 | 111.4 | Aug 6, 2025 | $348,400 | 3,128 | 1,920 | 72 |
| MI-898880 | 373.2 | Apr 21, 2024 | $672,900 | 1,803 | 1,683 | 71 |
| MI-957416 | 129.2 | Jul 28, 2025 | $576,300 | 4,460 | 3,309 | 70 |
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.