Comparable sales & offer analysis
Parcel MI-995490
Luce County, MI · 32.02 ac · Agricultural · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$97,400
Adjusted value
$99,520
Value range
$81,917–$117,124
Comp $/acre
$3,108/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -2.1% versus the adjusted value.
Offer position
Max allowable offer
$56,869
Offer $/acre
$1,776/ac
Projected profit
$29,856
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-536345 | 59.5 | Jul 27, 2026 | $160,100 | 2,691 | 2,125 | 77 |
| MI-894224 | 12.8 | Jul 27, 2026 | $38,600 | 3,017 | 3,140 | 76 |
| MI-243570 | 8.0 | Dec 5, 2024 | $43,300 | 5,438 | 2,955 | 63 |
| MI-183562 | 7.9 | Apr 29, 2025 | $32,200 | 4,067 | 3,684 | 62 |
| MI-934086 | 11.6 | Apr 11, 2024 | $57,100 | 4,928 | 3,336 | 59 |
| MI-787849 | 176.8 | Feb 5, 2026 | $422,000 | 2,387 | 3,694 | 57 |
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.