Comparable sales & offer analysis
Parcel MI-424026
Iron County, MI · 11.09 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$47,700
Adjusted value
$50,879
Value range
$40,539–$61,218
Comp $/acre
$4,588/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -6.2% versus the adjusted value.
Offer position
Max allowable offer
$29,074
Offer $/acre
$2,622/ac
Projected profit
$15,264
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 | 4,584 | 85 |
| MI-111709 | 2.1 | Jul 27, 2026 | $6,500 | 3,128 | 3,407 | 73 |
| MI-233018 | 5.3 | Jul 27, 2026 | $16,700 | 3,130 | 3,603 | 73 |
| MI-415988 | 45.9 | Jul 27, 2026 | $186,500 | 4,061 | 5,760 | 70 |
| MI-844981 | 22.1 | Mar 21, 2025 | $55,300 | 2,499 | 3,907 | 66 |
| MI-135517 | 32.6 | Sep 27, 2025 | $175,700 | 5,381 | 5,236 | 64 |
| MI-592151 | 2.9 | May 30, 2025 | $14,700 | 5,156 | 5,866 | 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.