Comparable sales & offer analysis
Parcel MI-220894
Menominee County, MI · 1.15 ac · Unzoned · Gravel · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$4,400
Adjusted value
$5,738
Value range
$4,562–$6,914
Comp $/acre
$4,990/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -23.3% versus the adjusted value.
Offer position
Max allowable offer
$3,279
Offer $/acre
$2,851/ac
Projected profit
$1,721
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 | 5,552 | 67 |
| MI-360300 | 0.8 | Mar 13, 2025 | $2,300 | 3,018 | 3,875 | 66 |
| MI-222391 | 3.4 | Apr 25, 2026 | $8,100 | 2,389 | 5,223 | 65 |
| MI-544175 | 12.3 | Jul 29, 2024 | $42,400 | 3,431 | 5,015 | 54 |
| MI-104247 | 13.0 | Sep 21, 2025 | $54,000 | 4,150 | 6,775 | 50 |
| MI-573718 | 8.9 | Jun 20, 2024 | $26,100 | 2,944 | 3,563 | 49 |
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.