Comparable sales & offer analysis
Parcel MI-674950
Menominee County, MI · 21.65 ac · Residential · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$59,600
Adjusted value
$69,301
Value range
$53,610–$84,992
Comp $/acre
$3,201/ac
Weighted from 8 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -14.0% versus the adjusted value.
Offer position
Max allowable offer
$39,600
Offer $/acre
$1,829/ac
Projected profit
$20,790
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-465312 | 28.1 | Apr 3, 2026 | $96,700 | 3,438 | 3,626 | 85 |
| MI-945086 | 23.9 | Mar 17, 2026 | $127,200 | 5,323 | 4,001 | 85 |
| MI-104247 | 13.0 | Sep 21, 2025 | $54,000 | 4,150 | 4,062 | 75 |
| MI-105200 | 25.9 | Nov 3, 2024 | $56,300 | 2,171 | 2,052 | 72 |
| MI-114333 | 13.8 | Mar 6, 2025 | $34,100 | 2,460 | 2,913 | 68 |
| MI-544175 | 12.3 | Jul 29, 2024 | $42,400 | 3,431 | 3,007 | 63 |
| MI-146627 | 73.0 | Nov 24, 2025 | $321,000 | 4,399 | 3,377 | 61 |
| MI-573718 | 8.9 | Jun 20, 2024 | $26,100 | 2,944 | 2,136 | 60 |
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.