Comparable sales & offer analysis
Parcel MI-358681
Menominee County, MI · 323 ac · Recreational · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$488,600
Adjusted value
$536,909
Value range
$454,021–$619,797
Comp $/acre
$1,662/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -9.0% versus the adjusted value.
Offer position
Max allowable offer
$306,805
Offer $/acre
$950/ac
Projected profit
$161,073
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-978835 | 361.2 | Jul 27, 2026 | $798,000 | 2,209 | 1,945 | 82 |
| MI-848282 | 242.0 | Mar 6, 2025 | $240,200 | 992 | 1,424 | 77 |
| MI-959786 | 719.4 | Jul 27, 2026 | $1,210,700 | 1,683 | 1,819 | 77 |
| MI-357354 | 123.5 | Sep 2, 2024 | $190,300 | 1,541 | 1,277 | 67 |
| MI-146627 | 73.0 | Nov 24, 2025 | $321,000 | 4,399 | 1,804 | 62 |
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.