Comparable sales & offer analysis
Parcel MI-222391
Menominee County, MI · 3.39 ac · Recreational · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$9,000
Adjusted value
$7,526
Value range
$5,817–$9,236
Comp $/acre
$2,220/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +19.6% versus the adjusted value.
Offer position
Max allowable offer
$4,301
Offer $/acre
$1,269/ac
Projected profit
$2,258
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 | 2,587 | 81 |
| MI-220894 | 1.1 | Jul 27, 2026 | $4,100 | 3,581 | 1,672 | 66 |
| MI-114333 | 13.8 | Mar 6, 2025 | $34,100 | 2,460 | 2,263 | 63 |
| MI-573718 | 8.9 | Jun 20, 2024 | $26,100 | 2,944 | 1,659 | 60 |
| MI-104247 | 13.0 | Sep 21, 2025 | $54,000 | 4,150 | 3,156 | 59 |
| MI-360300 | 0.8 | Mar 13, 2025 | $2,300 | 3,018 | 1,805 | 59 |
| MI-544175 | 12.3 | Jul 29, 2024 | $42,400 | 3,431 | 2,336 | 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.