Comparable sales & offer analysis
Parcel MI-541507
Iron County, MI · 1.79 ac · Mixed Use · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$11,200
Adjusted value
$11,391
Value range
$8,812–$13,969
Comp $/acre
$6,364/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -1.7% versus the adjusted value.
Offer position
Max allowable offer
$6,509
Offer $/acre
$3,636/ac
Projected profit
$3,417
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-111709 | 2.1 | Jul 27, 2026 | $6,500 | 3,128 | 4,537 | 84 |
| MI-131323 | 1.6 | Dec 25, 2025 | $7,500 | 4,824 | 7,049 | 79 |
| MI-231493 | 1.8 | Apr 11, 2025 | $6,400 | 3,622 | 5,457 | 77 |
| MI-233018 | 5.3 | Jul 27, 2026 | $16,700 | 3,130 | 4,798 | 76 |
| MI-270417 | 0.8 | Jul 27, 2026 | $6,000 | 7,404 | 8,986 | 70 |
| MI-592151 | 2.9 | May 30, 2025 | $14,700 | 5,156 | 7,810 | 67 |
| MI-600400 | 0.8 | Jul 27, 2026 | $3,900 | 4,832 | 6,839 | 67 |
| MI-540624 | 0.9 | Sep 3, 2024 | $4,300 | 4,545 | 5,978 | 66 |
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.