Comparable sales & offer analysis
Parcel MI-396588
Mackinac County, MI · 70.93 ac · Recreational · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$170,500
Adjusted value
$133,790
Value range
$101,136–$166,445
Comp $/acre
$1,886/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +27.4% versus the adjusted value.
Offer position
Max allowable offer
$76,452
Offer $/acre
$1,078/ac
Projected profit
$40,137
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 | 2,347 | 73 |
| MI-618241 | 234.9 | Sep 29, 2025 | $397,300 | 1,691 | 1,376 | 66 |
| MI-137130 | 105.0 | Oct 22, 2024 | $266,300 | 2,535 | 1,419 | 66 |
| MI-825539 | 33.2 | Sep 18, 2024 | $130,000 | 3,920 | 2,478 | 62 |
| MI-284990 | 22.3 | Jun 13, 2025 | $68,800 | 3,087 | 1,784 | 61 |
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.