Comparable sales & offer analysis
Parcel MI-458542
Ontonagon County, MI · 292 ac · Mixed Use · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$568,800
Adjusted value
$554,815
Value range
$448,065–$661,564
Comp $/acre
$1,899/ac
Weighted from 5 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +2.5% versus the adjusted value.
Offer position
Max allowable offer
$317,037
Offer $/acre
$1,085/ac
Projected profit
$166,444
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 | 2,480 | 84 |
| MI-817631 | 151.0 | Jul 27, 2026 | $183,100 | 1,212 | 1,486 | 77 |
| MI-916333 | 59.0 | Jul 27, 2026 | $217,200 | 3,684 | 2,005 | 69 |
| MI-507230 | 112.9 | Aug 15, 2024 | $236,300 | 2,092 | 1,749 | 65 |
| MI-316819 | 83.8 | Feb 4, 2025 | $154,500 | 1,843 | 1,654 | 59 |
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.