Comparable sales & offer analysis
Parcel MI-221574
Luce County, MI · 1.88 ac · Mixed Use · Paved · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$11,600
Adjusted value
$8,583
Value range
$7,252–$9,915
Comp $/acre
$4,566/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +35.1% versus the adjusted value.
Offer position
Max allowable offer
$4,905
Offer $/acre
$2,609/ac
Projected profit
$2,575
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-871752 | 2.1 | Jul 27, 2026 | $6,900 | 3,226 | 4,448 | 87 |
| MI-871598 | 1.9 | Jun 1, 2025 | $8,400 | 4,420 | 4,659 | 82 |
| MI-652500 | 3.7 | Jul 27, 2026 | $12,100 | 3,290 | 3,960 | 79 |
| MI-162862 | 4.8 | Jul 20, 2026 | $26,600 | 5,577 | 4,728 | 77 |
| MI-202106 | 2.8 | Jun 19, 2025 | $14,000 | 5,061 | 6,244 | 70 |
| MI-800205 | 0.7 | Feb 4, 2026 | $2,700 | 3,926 | 4,678 | 68 |
| MI-291167 | 1.4 | Oct 27, 2023 | $4,400 | 3,174 | 4,118 | 67 |
| MI-262896 | 4.9 | Dec 7, 2024 | $13,800 | 2,813 | 3,659 | 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.