Comparable sales & offer analysis
Parcel MI-295207
Ontonagon County, MI · 26.08 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$62,000
Adjusted value
$71,235
Value range
$55,233–$87,237
Comp $/acre
$2,731/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -13.0% versus the adjusted value.
Offer position
Max allowable offer
$40,706
Offer $/acre
$1,561/ac
Projected profit
$21,370
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-725451 | 31.1 | Jul 27, 2026 | $81,900 | 2,633 | 2,197 | 84 |
| MI-305949 | 44.6 | Mar 9, 2026 | $93,100 | 2,086 | 1,972 | 77 |
| MI-914216 | 12.7 | Jul 27, 2026 | $32,200 | 2,531 | 2,325 | 77 |
| MI-125550 | 33.4 | Jul 26, 2025 | $68,100 | 2,036 | 1,875 | 75 |
| MI-344546 | 16.2 | Apr 10, 2026 | $64,100 | 3,968 | 3,739 | 75 |
| MI-735969 | 45.3 | Mar 27, 2026 | $134,000 | 2,958 | 3,265 | 74 |
| MI-916333 | 59.0 | Jul 27, 2026 | $217,200 | 3,684 | 2,982 | 73 |
| MI-874977 | 22.1 | Apr 30, 2025 | $67,200 | 3,045 | 2,657 | 73 |
| MI-714730 | 18.5 | Oct 24, 2025 | $56,400 | 3,056 | 2,981 | 71 |
| MI-995497 | 32.2 | Sep 2, 2024 | $123,700 | 3,846 | 3,484 | 71 |
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.