Comparable sales & offer analysis
Parcel MI-558261
Luce County, MI · 238 ac · Unzoned · Paved · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$932,400
Adjusted value
$804,967
Value range
$579,576–$1,030,358
Comp $/acre
$3,378/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +15.8% versus the adjusted value.
Offer position
Max allowable offer
$459,981
Offer $/acre
$1,930/ac
Projected profit
$241,490
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-787849 | 176.8 | Feb 5, 2026 | $422,000 | 2,387 | 3,916 | 77 |
| MI-536345 | 59.5 | Jul 27, 2026 | $160,100 | 2,691 | 2,252 | 73 |
| MI-679236 | 483.0 | Mar 11, 2026 | $345,200 | 715 | 2,242 | 73 |
| MI-307976 | 193.9 | Dec 3, 2023 | $556,200 | 2,869 | 4,157 | 65 |
| MI-479175 | 462.1 | Aug 12, 2024 | $912,300 | 1,974 | 4,534 | 62 |
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.