Comparable sales & offer analysis
Parcel MI-848282
Menominee County, MI · 242 ac · Recreational · Landlocked · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$272,600
Adjusted value
$297,614
Value range
$250,476–$344,752
Comp $/acre
$1,230/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -8.4% versus the adjusted value.
Offer position
Max allowable offer
$170,065
Offer $/acre
$703/ac
Projected profit
$89,284
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-978835 | 361.2 | Jul 27, 2026 | $798,000 | 2,209 | 1,446 | 76 |
| MI-358681 | 323.1 | Jan 18, 2024 | $405,500 | 1,255 | 1,034 | 73 |
| MI-959786 | 719.4 | Jul 27, 2026 | $1,210,700 | 1,683 | 1,352 | 72 |
| MI-146627 | 73.0 | Nov 24, 2025 | $321,000 | 4,399 | 1,341 | 67 |
| MI-357354 | 123.5 | Sep 2, 2024 | $190,300 | 1,541 | 949 | 65 |
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.