Comparable sales & offer analysis
Parcel MI-536345
Luce County, MI · 59.48 ac · Unzoned · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$194,000
Adjusted value
$276,110
Value range
$246,843–$305,377
Comp $/acre
$4,642/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -29.7% versus the adjusted value.
Offer position
Max allowable offer
$157,777
Offer $/acre
$2,653/ac
Projected profit
$82,833
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-995490 | 32.0 | Jun 9, 2025 | $104,600 | 3,267 | 4,401 | 69 |
| MI-787849 | 176.8 | Feb 5, 2026 | $422,000 | 2,387 | 4,716 | 67 |
| MI-558261 | 238.3 | Sep 6, 2024 | $1,000,500 | 4,198 | 5,496 | 62 |
| MI-894224 | 12.8 | Jul 27, 2026 | $38,600 | 3,017 | 4,008 | 61 |
| MI-934086 | 11.6 | Apr 11, 2024 | $57,100 | 4,928 | 4,258 | 58 |
| MI-307976 | 193.9 | Dec 3, 2023 | $556,200 | 2,869 | 5,006 | 53 |
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.