Comparable sales & offer analysis
Parcel MI-898643
Iron County, MI · 314 ac · Mixed Use · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$401,300
Adjusted value
$429,833
Value range
$313,164–$546,503
Comp $/acre
$1,368/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -6.6% versus the adjusted value.
Offer position
Max allowable offer
$245,619
Offer $/acre
$781/ac
Projected profit
$128,950
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-888917 | 383.3 | Jul 27, 2026 | $400,300 | 1,044 | 1,110 | 89 |
| MI-898880 | 373.2 | Apr 21, 2024 | $672,900 | 1,803 | 1,020 | 71 |
| MI-468169 | 223.0 | Oct 25, 2024 | $559,900 | 2,511 | 1,645 | 67 |
| MI-957416 | 129.2 | Jul 28, 2025 | $576,300 | 4,460 | 2,004 | 65 |
| MI-587211 | 111.4 | Aug 6, 2025 | $348,400 | 3,128 | 1,163 | 61 |
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.