Comparable sales & offer analysis
Parcel MI-945086
Menominee County, MI · 23.89 ac · Residential · Paved · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$123,700
Adjusted value
$98,058
Value range
$77,076–$119,039
Comp $/acre
$4,105/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +26.2% versus the adjusted value.
Offer position
Max allowable offer
$56,033
Offer $/acre
$2,345/ac
Projected profit
$29,417
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-465312 | 28.1 | Apr 3, 2026 | $96,700 | 3,438 | 4,908 | 85 |
| MI-674950 | 21.6 | Jul 14, 2024 | $58,400 | 2,698 | 3,972 | 76 |
| MI-105200 | 25.9 | Nov 3, 2024 | $56,300 | 2,171 | 2,778 | 74 |
| MI-104247 | 13.0 | Sep 21, 2025 | $54,000 | 4,150 | 5,499 | 73 |
| MI-114333 | 13.8 | Mar 6, 2025 | $34,100 | 2,460 | 3,943 | 69 |
| MI-146627 | 73.0 | Nov 24, 2025 | $321,000 | 4,399 | 4,571 | 65 |
| MI-573718 | 8.9 | Jun 20, 2024 | $26,100 | 2,944 | 2,891 | 65 |
| MI-544175 | 12.3 | Jul 29, 2024 | $42,400 | 3,431 | 4,070 | 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.