Comparable sales & offer analysis
Parcel MI-524093
Lenawee County, MI · 11.64 ac · Mixed Use · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$123,400
Adjusted value
$91,183
Value range
$68,475–$113,892
Comp $/acre
$7,834/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +35.3% versus the adjusted value.
Offer position
Max allowable offer
$52,105
Offer $/acre
$4,476/ac
Projected profit
$27,355
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-343371 | 6.9 | Jul 27, 2026 | $40,100 | 5,809 | 5,601 | 81 |
| MI-823374 | 6.9 | Apr 22, 2026 | $54,500 | 7,880 | 11,297 | 78 |
| MI-694527 | 15.9 | Jul 27, 2026 | $94,600 | 5,933 | 7,135 | 78 |
| MI-984441 | 15.0 | Apr 18, 2025 | $104,100 | 6,951 | 8,745 | 72 |
| MI-392486 | 3.6 | Jul 27, 2026 | $18,000 | 4,958 | 6,661 | 70 |
| MI-134638 | 17.3 | Feb 12, 2025 | $67,500 | 3,911 | 7,228 | 70 |
| MI-914642 | 17.3 | Jan 20, 2025 | $87,900 | 5,078 | 10,116 | 69 |
| MI-652696 | 4.2 | Oct 29, 2024 | $16,800 | 3,972 | 5,692 | 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.