Comparable sales & offer analysis
Parcel MI-183562
Luce County, MI · 7.92 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$39,000
Adjusted value
$29,162
Value range
$24,541–$33,782
Comp $/acre
$3,682/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +33.7% versus the adjusted value.
Offer position
Max allowable offer
$16,664
Offer $/acre
$2,104/ac
Projected profit
$8,748
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-162862 | 4.8 | Jul 20, 2026 | $26,600 | 5,577 | 3,811 | 82 |
| MI-652500 | 3.7 | Jul 27, 2026 | $12,100 | 3,290 | 3,192 | 80 |
| MI-894224 | 12.8 | Jul 27, 2026 | $38,600 | 3,017 | 3,676 | 79 |
| MI-243570 | 8.0 | Dec 5, 2024 | $43,300 | 5,438 | 3,459 | 73 |
| MI-262896 | 4.9 | Dec 7, 2024 | $13,800 | 2,813 | 2,948 | 70 |
| MI-934086 | 11.6 | Apr 11, 2024 | $57,100 | 4,928 | 3,905 | 70 |
| MI-202106 | 2.8 | Jun 19, 2025 | $14,000 | 5,061 | 5,032 | 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.