Comparable sales & offer analysis
Parcel MI-146627
Menominee County, MI · 72.96 ac · Recreational · Paved · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$327,200
Adjusted value
$292,350
Value range
$225,043–$359,657
Comp $/acre
$4,007/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +11.9% versus the adjusted value.
Offer position
Max allowable offer
$167,057
Offer $/acre
$2,290/ac
Projected profit
$87,705
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 | 4,867 | 71 |
| MI-945086 | 23.9 | Mar 17, 2026 | $127,200 | 5,323 | 5,371 | 68 |
| MI-848282 | 242.0 | Mar 6, 2025 | $240,200 | 992 | 3,578 | 64 |
| MI-357354 | 123.5 | Sep 2, 2024 | $190,300 | 1,541 | 3,208 | 63 |
| MI-105200 | 25.9 | Nov 3, 2024 | $56,300 | 2,171 | 2,755 | 58 |
| MI-674950 | 21.6 | Jul 14, 2024 | $58,400 | 2,698 | 3,939 | 54 |
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.