Comparable sales & offer analysis
Parcel MI-894224
Luce County, MI · 12.80 ac · Agricultural · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$36,300
Adjusted value
$38,934
Value range
$34,225–$43,642
Comp $/acre
$3,042/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -6.8% versus the adjusted value.
Offer position
Max allowable offer
$22,248
Offer $/acre
$1,738/ac
Projected profit
$11,680
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 | 2,641 | 74 |
| MI-183562 | 7.9 | Apr 29, 2025 | $32,200 | 4,067 | 3,567 | 71 |
| MI-934086 | 11.6 | Apr 11, 2024 | $57,100 | 4,928 | 3,231 | 70 |
| MI-243570 | 8.0 | Dec 5, 2024 | $43,300 | 5,438 | 2,862 | 68 |
| MI-995490 | 32.0 | Jun 9, 2025 | $104,600 | 3,267 | 3,339 | 68 |
| MI-162862 | 4.8 | Jul 20, 2026 | $26,600 | 5,577 | 3,153 | 67 |
| MI-262896 | 4.9 | Dec 7, 2024 | $13,800 | 2,813 | 2,439 | 60 |
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.