Comparable sales & offer analysis
Parcel MI-458542
Ontonagon County, MI · 292 ac · Mixed Use · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$568,800
Adjusted value
$557,735
Value range
$450,427–$665,042
Comp $/acre
$1,909/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +2.0% versus the adjusted value.
Offer position
Max allowable offer
$318,705
Offer $/acre
$1,091/ac
Projected profit
$167,320
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-468685 | 324.0 | Jun 19, 2026 | $913,900 | 2,820 | 2,493 | 83 |
| MI-817631 | 151.0 | Jul 27, 2026 | $183,100 | 1,212 | 1,494 | 76 |
| MI-916333 | 59.0 | Jul 27, 2026 | $217,200 | 3,684 | 2,016 | 67 |
| MI-507230 | 112.9 | Aug 15, 2024 | $236,300 | 2,092 | 1,758 | 65 |
| MI-316819 | 83.8 | Feb 4, 2025 | $154,500 | 1,843 | 1,663 | 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.