Comparable sales & offer analysis
Parcel MI-854720
Mackinac County, MI · 18.33 ac · Unzoned · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$42,800
Adjusted value
$45,144
Value range
$35,882–$54,407
Comp $/acre
$2,463/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -5.2% versus the adjusted value.
Offer position
Max allowable offer
$25,797
Offer $/acre
$1,407/ac
Projected profit
$13,543
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-434952 | 21.7 | Jul 27, 2026 | $92,500 | 4,267 | 2,988 | 82 |
| MI-284990 | 22.3 | Jun 13, 2025 | $68,800 | 3,087 | 2,271 | 80 |
| MI-334055 | 11.3 | Mar 17, 2026 | $43,000 | 3,802 | 1,812 | 78 |
| MI-973598 | 8.1 | Oct 19, 2025 | $33,100 | 4,069 | 2,161 | 69 |
| MI-825539 | 33.2 | Sep 18, 2024 | $130,000 | 3,920 | 3,153 | 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.