Comparable sales & offer analysis
Parcel MI-540624
Iron County, MI · 0.94 ac · Mixed Use · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$4,000
Adjusted value
$5,261
Value range
$4,206–$6,317
Comp $/acre
$5,597/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -24.0% versus the adjusted value.
Offer position
Max allowable offer
$3,007
Offer $/acre
$3,198/ac
Projected profit
$1,578
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-600400 | 0.8 | Jul 27, 2026 | $3,900 | 4,832 | 5,654 | 83 |
| MI-270417 | 0.8 | Jul 27, 2026 | $6,000 | 7,404 | 7,429 | 79 |
| MI-541507 | 1.8 | Jul 5, 2026 | $11,400 | 6,388 | 5,337 | 76 |
| MI-111709 | 2.1 | Jul 27, 2026 | $6,500 | 3,128 | 3,752 | 70 |
| MI-131323 | 1.6 | Dec 25, 2025 | $7,500 | 4,824 | 5,828 | 69 |
| MI-231493 | 1.8 | Apr 11, 2025 | $6,400 | 3,622 | 4,512 | 63 |
| MI-592151 | 2.9 | May 30, 2025 | $14,700 | 5,156 | 6,457 | 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.