Comparable sales & offer analysis
Parcel MI-105200
Menominee County, MI · 25.95 ac · Unzoned · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$57,300
Adjusted value
$97,684
Value range
$80,183–$115,186
Comp $/acre
$3,764/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -41.3% versus the adjusted value.
Offer position
Max allowable offer
$55,820
Offer $/acre
$2,151/ac
Projected profit
$29,305
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-945086 | 23.9 | Mar 17, 2026 | $127,200 | 5,323 | 4,573 | 80 |
| MI-465312 | 28.1 | Apr 3, 2026 | $96,700 | 3,438 | 4,144 | 77 |
| MI-674950 | 21.6 | Jul 14, 2024 | $58,400 | 2,698 | 3,353 | 71 |
| MI-114333 | 13.8 | Mar 6, 2025 | $34,100 | 2,460 | 3,329 | 65 |
| MI-146627 | 73.0 | Nov 24, 2025 | $321,000 | 4,399 | 3,860 | 63 |
| MI-104247 | 13.0 | Sep 21, 2025 | $54,000 | 4,150 | 4,643 | 61 |
| MI-544175 | 12.3 | Jul 29, 2024 | $42,400 | 3,431 | 3,436 | 61 |
| MI-573718 | 8.9 | Jun 20, 2024 | $26,100 | 2,944 | 2,441 | 58 |
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.