Comparable sales & offer analysis
Parcel MI-357354
Menominee County, MI · 124 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$196,000
Adjusted value
$272,798
Value range
$217,546–$328,051
Comp $/acre
$2,208/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -28.2% versus the adjusted value.
Offer position
Max allowable offer
$155,885
Offer $/acre
$1,262/ac
Projected profit
$81,839
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 | 2,553 | 68 |
| MI-146627 | 73.0 | Nov 24, 2025 | $321,000 | 4,399 | 2,368 | 68 |
| MI-848282 | 242.0 | Mar 6, 2025 | $240,200 | 992 | 1,869 | 67 |
| MI-358681 | 323.1 | Jan 18, 2024 | $405,500 | 1,255 | 1,825 | 65 |
| MI-945086 | 23.9 | Mar 17, 2026 | $127,200 | 5,323 | 2,806 | 62 |
| MI-465312 | 28.1 | Apr 3, 2026 | $96,700 | 3,438 | 2,543 | 61 |
| MI-105200 | 25.9 | Nov 3, 2024 | $56,300 | 2,171 | 1,439 | 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.