Comparable sales & offer analysis
Parcel MI-978835
Menominee County, MI · 361 ac · Residential · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$780,800
Adjusted value
$640,375
Value range
$548,089–$732,660
Comp $/acre
$1,773/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +21.9% versus the adjusted value.
Offer position
Max allowable offer
$365,928
Offer $/acre
$1,013/ac
Projected profit
$192,112
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-959786 | 719.4 | Jul 27, 2026 | $1,210,700 | 1,683 | 2,082 | 74 |
| MI-358681 | 323.1 | Jan 18, 2024 | $405,500 | 1,255 | 1,592 | 69 |
| MI-848282 | 242.0 | Mar 6, 2025 | $240,200 | 992 | 1,630 | 67 |
| MI-146627 | 73.0 | Nov 24, 2025 | $321,000 | 4,399 | 2,065 | 58 |
| MI-357354 | 123.5 | Sep 2, 2024 | $190,300 | 1,541 | 1,461 | 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.