Comparable sales & offer analysis
Parcel MI-269237
Mackinac County, MI · 483 ac · Recreational · Landlocked · Off grid
LandPilot
Prepared Oct 3, 2026
Valuation summary
Asking price
$463,500
Adjusted value
$511,081
Value range
$402,457–$619,705
Comp $/acre
$1,057/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -9.3% versus the adjusted value.
Offer position
Max allowable offer
$292,046
Offer $/acre
$604/ac
Projected profit
$153,324
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-829327 | 515.9 | Jul 27, 2026 | $1,308,100 | 2,536 | 1,235 | 80 |
| MI-129217 | 476.4 | Apr 10, 2025 | $847,300 | 1,779 | 921 | 75 |
| MI-759594 | 626.0 | Nov 8, 2025 | $1,130,700 | 1,806 | 1,379 | 74 |
| MI-618241 | 234.9 | Sep 29, 2025 | $397,300 | 1,691 | 822 | 73 |
| MI-137130 | 105.0 | Oct 22, 2024 | $266,300 | 2,535 | 848 | 50 |
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.