Comparable sales & offer analysis
Parcel MI-114333
Menominee County, MI · 13.85 ac · Recreational · Dirt · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$41,300
Adjusted value
$39,739
Value range
$30,847–$48,630
Comp $/acre
$2,869/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +3.9% versus the adjusted value.
Offer position
Max allowable offer
$22,708
Offer $/acre
$1,640/ac
Projected profit
$11,922
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-104247 | 13.0 | Sep 21, 2025 | $54,000 | 4,150 | 3,658 | 76 |
| MI-945086 | 23.9 | Mar 17, 2026 | $127,200 | 5,323 | 3,603 | 75 |
| MI-562856 | 4.8 | Jul 27, 2026 | $15,200 | 3,205 | 2,999 | 74 |
| MI-465312 | 28.1 | Apr 3, 2026 | $96,700 | 3,438 | 3,266 | 71 |
| MI-544175 | 12.3 | Jul 29, 2024 | $42,400 | 3,431 | 2,707 | 68 |
| MI-674950 | 21.6 | Jul 14, 2024 | $58,400 | 2,698 | 2,642 | 65 |
| MI-573718 | 8.9 | Jun 20, 2024 | $26,100 | 2,944 | 1,923 | 65 |
| MI-105200 | 25.9 | Nov 3, 2024 | $56,300 | 2,171 | 1,848 | 63 |
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.