Comparable sales & offer analysis
Parcel MI-316819
Ontonagon County, MI · 83.85 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$159,300
Adjusted value
$172,461
Value range
$136,962–$207,960
Comp $/acre
$2,057/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -7.6% versus the adjusted value.
Offer position
Max allowable offer
$98,549
Offer $/acre
$1,175/ac
Projected profit
$51,738
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-916333 | 59.0 | Jul 27, 2026 | $217,200 | 3,684 | 2,391 | 81 |
| MI-305949 | 44.6 | Mar 9, 2026 | $93,100 | 2,086 | 1,581 | 74 |
| MI-735969 | 45.3 | Mar 27, 2026 | $134,000 | 2,958 | 2,617 | 72 |
| MI-725451 | 31.1 | Jul 27, 2026 | $81,900 | 2,633 | 1,762 | 72 |
| MI-507230 | 112.9 | Aug 15, 2024 | $236,300 | 2,092 | 2,084 | 71 |
| MI-817631 | 151.0 | Jul 27, 2026 | $183,100 | 1,212 | 1,772 | 71 |
| MI-125550 | 33.4 | Jul 26, 2025 | $68,100 | 2,036 | 1,503 | 62 |
| MI-995497 | 32.2 | Sep 2, 2024 | $123,700 | 3,846 | 2,792 | 62 |
| MI-458542 | 292.1 | Aug 26, 2025 | $538,700 | 1,844 | 2,288 | 61 |
| MI-295207 | 26.1 | Mar 7, 2024 | $51,200 | 1,964 | 1,735 | 56 |
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.