Comparable sales & offer analysis
Parcel MI-162862
Luce County, MI · 4.77 ac · Mixed Use · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$26,600
Adjusted value
$26,949
Value range
$22,433–$31,464
Comp $/acre
$5,650/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -1.3% versus the adjusted value.
Offer position
Max allowable offer
$15,399
Offer $/acre
$3,228/ac
Projected profit
$8,085
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-652500 | 3.7 | Jul 27, 2026 | $12,100 | 3,290 | 4,685 | 84 |
| MI-262896 | 4.9 | Dec 7, 2024 | $13,800 | 2,813 | 4,328 | 81 |
| MI-221574 | 1.9 | Jun 28, 2026 | $11,200 | 5,942 | 7,069 | 76 |
| MI-183562 | 7.9 | Apr 29, 2025 | $32,200 | 4,067 | 6,329 | 74 |
| MI-871752 | 2.1 | Jul 27, 2026 | $6,900 | 3,226 | 5,262 | 72 |
| MI-871598 | 1.9 | Jun 1, 2025 | $8,400 | 4,420 | 5,512 | 72 |
| MI-894224 | 12.8 | Jul 27, 2026 | $38,600 | 3,017 | 5,394 | 68 |
| MI-243570 | 8.0 | Dec 5, 2024 | $43,300 | 5,438 | 5,078 | 68 |
| MI-202106 | 2.8 | Jun 19, 2025 | $14,000 | 5,061 | 7,387 | 68 |
| MI-934086 | 11.6 | Apr 11, 2024 | $57,100 | 4,928 | 5,733 | 64 |
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.