Comparable sales & offer analysis
Parcel MI-859268
Lenawee County, MI · 494 ac · Mixed Use · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$923,200
Adjusted value
$896,454
Value range
$683,472–$1,109,436
Comp $/acre
$1,814/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +3.0% versus the adjusted value.
Offer position
Max allowable offer
$512,259
Offer $/acre
$1,036/ac
Projected profit
$268,936
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-328986 | 403.0 | Jul 27, 2026 | $835,200 | 2,073 | 1,336 | 83 |
| MI-279367 | 531.0 | May 7, 2025 | $2,489,600 | 4,688 | 2,404 | 79 |
| MI-889221 | 477.7 | Jan 7, 2025 | $1,296,200 | 2,713 | 1,365 | 70 |
| MI-259760 | 706.0 | Jul 27, 2025 | $2,598,300 | 3,681 | 2,110 | 67 |
| MI-297597 | 147.3 | Sep 23, 2024 | $534,300 | 3,627 | 1,892 | 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.