Comparable sales & offer analysis
Parcel MI-693864
Iron County, MI · 9.86 ac · Mixed Use · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$28,800
Adjusted value
$26,426
Value range
$21,695–$31,157
Comp $/acre
$2,680/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +9.0% versus the adjusted value.
Offer position
Max allowable offer
$15,100
Offer $/acre
$1,531/ac
Projected profit
$7,928
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-233018 | 5.3 | Jul 27, 2026 | $16,700 | 3,130 | 2,114 | 82 |
| MI-424026 | 11.1 | Feb 16, 2026 | $49,800 | 4,486 | 2,687 | 80 |
| MI-135517 | 32.6 | Sep 27, 2025 | $175,700 | 5,381 | 3,072 | 64 |
| MI-844981 | 22.1 | Mar 21, 2025 | $55,300 | 2,499 | 2,292 | 64 |
| MI-592151 | 2.9 | May 30, 2025 | $14,700 | 5,156 | 3,442 | 60 |
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.