Comparable sales & offer analysis
Parcel MI-524093
Lenawee County, MI · 11.64 ac · Mixed Use · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$123,400
Adjusted value
$91,700
Value range
$68,873–$114,527
Comp $/acre
$7,878/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +34.6% versus the adjusted value.
Offer position
Max allowable offer
$52,400
Offer $/acre
$4,502/ac
Projected profit
$27,510
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 | 5,632 | 80 |
| MI-823374 | 6.9 | Apr 22, 2026 | $54,500 | 7,880 | 11,360 | 77 |
| MI-694527 | 15.9 | Jul 27, 2026 | $94,600 | 5,933 | 7,175 | 76 |
| MI-984441 | 15.0 | Apr 18, 2025 | $104,100 | 6,951 | 8,792 | 71 |
| MI-392486 | 3.6 | Jul 27, 2026 | $18,000 | 4,958 | 6,698 | 69 |
| MI-134638 | 17.3 | Feb 12, 2025 | $67,500 | 3,911 | 7,266 | 69 |
| MI-914642 | 17.3 | Jan 20, 2025 | $87,900 | 5,078 | 10,169 | 68 |
| MI-652696 | 4.2 | Oct 29, 2024 | $16,800 | 3,972 | 5,721 | 62 |
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.