Comparable sales & offer analysis
Parcel MI-573718
Menominee County, MI · 8.87 ac · Agricultural · Paved · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$26,400
Adjusted value
$43,508
Value range
$35,870–$51,147
Comp $/acre
$4,905/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -39.3% versus the adjusted value.
Offer position
Max allowable offer
$24,862
Offer $/acre
$2,803/ac
Projected profit
$13,053
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 | 5,003 | 78 |
| MI-945086 | 23.9 | Mar 17, 2026 | $127,200 | 5,323 | 6,013 | 74 |
| MI-104247 | 13.0 | Sep 21, 2025 | $54,000 | 4,150 | 6,105 | 73 |
| MI-222391 | 3.4 | Apr 25, 2026 | $8,100 | 2,389 | 4,707 | 71 |
| MI-465312 | 28.1 | Apr 3, 2026 | $96,700 | 3,438 | 5,449 | 69 |
| MI-114333 | 13.8 | Mar 6, 2025 | $34,100 | 2,460 | 4,378 | 68 |
| MI-544175 | 12.3 | Jul 29, 2024 | $42,400 | 3,431 | 4,519 | 68 |
| MI-674950 | 21.6 | Jul 14, 2024 | $58,400 | 2,698 | 4,410 | 60 |
| MI-105200 | 25.9 | Nov 3, 2024 | $56,300 | 2,171 | 3,084 | 59 |
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.