Comparable sales & offer analysis
Parcel MI-146627
Menominee County, MI · 72.96 ac · Recreational · Paved · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$327,200
Adjusted value
$293,669
Value range
$226,016–$361,321
Comp $/acre
$4,025/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +11.4% versus the adjusted value.
Offer position
Max allowable offer
$167,811
Offer $/acre
$2,300/ac
Projected profit
$88,101
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 | 4,894 | 70 |
| MI-945086 | 23.9 | Mar 17, 2026 | $127,200 | 5,323 | 5,400 | 67 |
| MI-848282 | 242.0 | Mar 6, 2025 | $240,200 | 992 | 3,597 | 63 |
| MI-357354 | 123.5 | Sep 2, 2024 | $190,300 | 1,541 | 3,225 | 62 |
| MI-105200 | 25.9 | Nov 3, 2024 | $56,300 | 2,171 | 2,769 | 58 |
| MI-674950 | 21.6 | Jul 14, 2024 | $58,400 | 2,698 | 3,960 | 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.