Comparable sales & offer analysis
Parcel MI-916333
Ontonagon County, MI · 58.96 ac · Agricultural · Gravel · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$213,800
Adjusted value
$187,460
Value range
$149,523–$225,398
Comp $/acre
$3,179/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +14.1% versus the adjusted value.
Offer position
Max allowable offer
$107,120
Offer $/acre
$1,817/ac
Projected profit
$56,238
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 | 4,065 | 78 |
| MI-305949 | 44.6 | Mar 9, 2026 | $93,100 | 2,086 | 2,456 | 78 |
| MI-725451 | 31.1 | Jul 27, 2026 | $81,900 | 2,633 | 2,736 | 76 |
| MI-125550 | 33.4 | Jul 26, 2025 | $68,100 | 2,036 | 2,334 | 72 |
| MI-316819 | 83.8 | Feb 4, 2025 | $154,500 | 1,843 | 3,062 | 72 |
| MI-817631 | 151.0 | Jul 27, 2026 | $183,100 | 1,212 | 2,751 | 68 |
| MI-995497 | 32.2 | Sep 2, 2024 | $123,700 | 3,846 | 4,337 | 65 |
| MI-507230 | 112.9 | Aug 15, 2024 | $236,300 | 2,092 | 3,237 | 64 |
| MI-874977 | 22.1 | Apr 30, 2025 | $67,200 | 3,045 | 3,307 | 61 |
| MI-714730 | 18.5 | Oct 24, 2025 | $56,400 | 3,056 | 3,711 | 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.