Comparable sales & offer analysis
Parcel MI-934086
Luce County, MI · 11.58 ac · Unzoned · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$67,700
Adjusted value
$58,689
Value range
$51,676–$65,701
Comp $/acre
$5,068/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +15.4% versus the adjusted value.
Offer position
Max allowable offer
$33,536
Offer $/acre
$2,896/ac
Projected profit
$17,607
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-894224 | 12.8 | Jul 27, 2026 | $38,600 | 3,017 | 5,123 | 82 |
| MI-162862 | 4.8 | Jul 20, 2026 | $26,600 | 5,577 | 5,312 | 75 |
| MI-183562 | 7.9 | Apr 29, 2025 | $32,200 | 4,067 | 6,009 | 74 |
| MI-652500 | 3.7 | Jul 27, 2026 | $12,100 | 3,290 | 4,449 | 73 |
| MI-262896 | 4.9 | Dec 7, 2024 | $13,800 | 2,813 | 4,109 | 68 |
| MI-243570 | 8.0 | Dec 5, 2024 | $43,300 | 5,438 | 4,820 | 68 |
| MI-995490 | 32.0 | Jun 9, 2025 | $104,600 | 3,267 | 5,624 | 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.