Comparable sales & offer analysis
Parcel MI-221494
Ontonagon County, MI · 1.77 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$5,100
Adjusted value
$6,364
Value range
$4,840–$7,888
Comp $/acre
$3,595/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -19.9% versus the adjusted value.
Offer position
Max allowable offer
$3,636
Offer $/acre
$2,054/ac
Projected profit
$1,909
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-901939 | 2.4 | Jul 27, 2026 | $6,600 | 2,693 | 2,732 | 85 |
| MI-662542 | 3.8 | Jul 27, 2026 | $11,500 | 3,037 | 3,122 | 78 |
| MI-340210 | 0.7 | Jul 27, 2026 | $1,900 | 2,681 | 2,672 | 75 |
| MI-510621 | 0.9 | Feb 12, 2025 | $2,000 | 2,170 | 2,300 | 75 |
| MI-312136 | 2.8 | Sep 26, 2025 | $10,300 | 3,657 | 3,854 | 74 |
| MI-260378 | 0.8 | Jul 27, 2026 | $4,000 | 5,109 | 4,858 | 72 |
| MI-980890 | 1.1 | Jan 19, 2025 | $3,100 | 2,762 | 3,545 | 69 |
| MI-552831 | 4.7 | Nov 18, 2024 | $16,200 | 3,484 | 4,493 | 67 |
| MI-362138 | 2.8 | Jan 2, 2025 | $9,500 | 3,380 | 4,420 | 66 |
| MI-683102 | 5.7 | Mar 19, 2025 | $19,700 | 3,469 | 4,458 | 64 |
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.