Comparable sales & offer analysis
Parcel MI-540624
Iron County, MI · 0.94 ac · Mixed Use · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$4,000
Adjusted value
$5,233
Value range
$4,182–$6,283
Comp $/acre
$5,567/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -23.6% versus the adjusted value.
Offer position
Max allowable offer
$2,990
Offer $/acre
$3,181/ac
Projected profit
$1,570
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 | 5,623 | 85 |
| MI-270417 | 0.8 | Jul 27, 2026 | $6,000 | 7,404 | 7,388 | 80 |
| MI-541507 | 1.8 | Jul 5, 2026 | $11,400 | 6,388 | 5,307 | 77 |
| MI-111709 | 2.1 | Jul 27, 2026 | $6,500 | 3,128 | 3,731 | 71 |
| MI-131323 | 1.6 | Dec 25, 2025 | $7,500 | 4,824 | 5,797 | 70 |
| MI-231493 | 1.8 | Apr 11, 2025 | $6,400 | 3,622 | 4,488 | 64 |
| MI-592151 | 2.9 | May 30, 2025 | $14,700 | 5,156 | 6,423 | 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.