Comparable sales & offer analysis
Parcel MI-901939
Ontonagon County, MI · 2.44 ac · Unzoned · Gravel · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$7,400
Adjusted value
$8,345
Value range
$6,198–$10,491
Comp $/acre
$3,420/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -11.3% versus the adjusted value.
Offer position
Max allowable offer
$4,768
Offer $/acre
$1,954/ac
Projected profit
$2,503
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-221494 | 1.8 | Jul 1, 2026 | $4,600 | 2,590 | 2,586 | 85 |
| MI-662542 | 3.8 | Jul 27, 2026 | $11,500 | 3,037 | 3,084 | 78 |
| MI-312136 | 2.8 | Sep 26, 2025 | $10,300 | 3,657 | 3,807 | 76 |
| MI-362138 | 2.8 | Jan 2, 2025 | $9,500 | 3,380 | 4,368 | 72 |
| MI-340210 | 0.7 | Jul 27, 2026 | $1,900 | 2,681 | 2,640 | 72 |
| MI-783276 | 6.4 | Mar 12, 2026 | $12,900 | 2,010 | 2,469 | 70 |
| MI-260378 | 0.8 | Jul 27, 2026 | $4,000 | 5,109 | 4,799 | 69 |
| MI-552831 | 4.7 | Nov 18, 2024 | $16,200 | 3,484 | 4,440 | 67 |
| MI-510621 | 0.9 | Feb 12, 2025 | $2,000 | 2,170 | 2,273 | 65 |
| MI-993169 | 6.0 | Jun 11, 2024 | $15,300 | 2,567 | 3,962 | 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.