Comparable sales & offer analysis
Parcel MI-222391
Menominee County, MI · 3.39 ac · Recreational · Landlocked · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$9,000
Adjusted value
$7,487
Value range
$5,786–$9,188
Comp $/acre
$2,209/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +20.2% versus the adjusted value.
Offer position
Max allowable offer
$4,278
Offer $/acre
$1,262/ac
Projected profit
$2,246
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-562856 | 4.8 | Jul 27, 2026 | $15,200 | 3,205 | 2,573 | 82 |
| MI-220894 | 1.1 | Jul 27, 2026 | $4,100 | 3,581 | 1,663 | 67 |
| MI-114333 | 13.8 | Mar 6, 2025 | $34,100 | 2,460 | 2,251 | 63 |
| MI-573718 | 8.9 | Jun 20, 2024 | $26,100 | 2,944 | 1,651 | 61 |
| MI-104247 | 13.0 | Sep 21, 2025 | $54,000 | 4,150 | 3,139 | 60 |
| MI-360300 | 0.8 | Mar 13, 2025 | $2,300 | 3,018 | 1,796 | 59 |
| MI-544175 | 12.3 | Jul 29, 2024 | $42,400 | 3,431 | 2,324 | 55 |
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.