Comparable sales & offer analysis
Parcel MI-823374
Lenawee County, MI · 6.91 ac · Mixed Use · Landlocked · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$55,000
Adjusted value
$37,532
Value range
$29,444–$45,621
Comp $/acre
$5,432/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +46.5% versus the adjusted value.
Offer position
Max allowable offer
$21,447
Offer $/acre
$3,104/ac
Projected profit
$11,260
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 | 3,981 | 85 |
| MI-694527 | 15.9 | Jul 27, 2026 | $94,600 | 5,933 | 5,071 | 74 |
| MI-392486 | 3.6 | Jul 27, 2026 | $18,000 | 4,958 | 4,734 | 73 |
| MI-524093 | 11.6 | Sep 27, 2025 | $108,800 | 9,350 | 6,891 | 73 |
| MI-982167 | 2.9 | Jul 27, 2026 | $20,100 | 6,975 | 4,606 | 72 |
| MI-984441 | 15.0 | Apr 18, 2025 | $104,100 | 6,951 | 6,214 | 64 |
| MI-652696 | 4.2 | Oct 29, 2024 | $16,800 | 3,972 | 4,044 | 63 |
| MI-361647 | 2.0 | Nov 10, 2025 | $16,900 | 8,537 | 7,019 | 63 |
| MI-914642 | 17.3 | Jan 20, 2025 | $87,900 | 5,078 | 7,187 | 62 |
| MI-842144 | 2.8 | Aug 27, 2024 | $14,200 | 5,016 | 5,132 | 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.