Comparable sales & offer analysis
Parcel MI-305949
Ontonagon County, MI · 44.65 ac · Mixed Use · Paved · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$96,100
Adjusted value
$131,248
Value range
$102,347–$160,148
Comp $/acre
$2,939/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -26.8% versus the adjusted value.
Offer position
Max allowable offer
$74,999
Offer $/acre
$1,680/ac
Projected profit
$39,374
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-735969 | 45.3 | Mar 27, 2026 | $134,000 | 2,958 | 3,535 | 86 |
| MI-916333 | 59.0 | Jul 27, 2026 | $217,200 | 3,684 | 3,229 | 81 |
| MI-725451 | 31.1 | Jul 27, 2026 | $81,900 | 2,633 | 2,379 | 77 |
| MI-125550 | 33.4 | Jul 26, 2025 | $68,100 | 2,036 | 2,030 | 75 |
| MI-995497 | 32.2 | Sep 2, 2024 | $123,700 | 3,846 | 3,771 | 74 |
| MI-316819 | 83.8 | Feb 4, 2025 | $154,500 | 1,843 | 2,663 | 68 |
| MI-874977 | 22.1 | Apr 30, 2025 | $67,200 | 3,045 | 2,876 | 67 |
| MI-295207 | 26.1 | Mar 7, 2024 | $51,200 | 1,964 | 2,343 | 67 |
| MI-344546 | 16.2 | Apr 10, 2026 | $64,100 | 3,968 | 4,049 | 65 |
| MI-817631 | 151.0 | Jul 27, 2026 | $183,100 | 1,212 | 2,393 | 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.