Comparable sales & offer analysis
Parcel MI-362138
Ontonagon County, MI · 2.82 ac · Mixed Use · Landlocked · Full utilities
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$9,300
Adjusted value
$7,900
Value range
$6,316–$9,485
Comp $/acre
$2,801/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +17.7% versus the adjusted value.
Offer position
Max allowable offer
$4,514
Offer $/acre
$1,601/ac
Projected profit
$2,370
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-662542 | 3.8 | Jul 27, 2026 | $11,500 | 3,037 | 2,549 | 84 |
| MI-901939 | 2.4 | Jul 27, 2026 | $6,600 | 2,693 | 2,231 | 83 |
| MI-221494 | 1.8 | Jul 1, 2026 | $4,600 | 2,590 | 2,138 | 77 |
| MI-312136 | 2.8 | Sep 26, 2025 | $10,300 | 3,657 | 3,147 | 75 |
| MI-783276 | 6.4 | Mar 12, 2026 | $12,900 | 2,010 | 2,041 | 69 |
| MI-552831 | 4.7 | Nov 18, 2024 | $16,200 | 3,484 | 3,670 | 66 |
| MI-360467 | 0.8 | May 23, 2025 | $1,600 | 1,893 | 2,802 | 65 |
| MI-980890 | 1.1 | Jan 19, 2025 | $3,100 | 2,762 | 2,895 | 64 |
| MI-683102 | 5.7 | Mar 19, 2025 | $19,700 | 3,469 | 3,640 | 63 |
| MI-993169 | 6.0 | Jun 11, 2024 | $15,300 | 2,567 | 3,274 | 61 |
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.