Comparable sales & offer analysis
Parcel MI-260378
Ontonagon County, MI · 0.79 ac · Mixed Use · Dirt · Full utilities
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$4,000
Adjusted value
$2,640
Value range
$2,004–$3,276
Comp $/acre
$3,342/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +51.5% versus the adjusted value.
Offer position
Max allowable offer
$1,509
Offer $/acre
$1,910/ac
Projected profit
$792
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-340210 | 0.7 | Jul 27, 2026 | $1,900 | 2,681 | 2,832 | 86 |
| MI-130351 | 0.8 | Feb 9, 2025 | $2,500 | 3,218 | 4,936 | 80 |
| MI-360467 | 0.8 | May 23, 2025 | $1,600 | 1,893 | 3,635 | 77 |
| MI-221494 | 1.8 | Jul 1, 2026 | $4,600 | 2,590 | 2,775 | 72 |
| MI-510621 | 0.9 | Feb 12, 2025 | $2,000 | 2,170 | 2,437 | 70 |
| MI-980890 | 1.1 | Jan 19, 2025 | $3,100 | 2,762 | 3,756 | 69 |
| MI-901939 | 2.4 | Jul 27, 2026 | $6,600 | 2,693 | 2,896 | 67 |
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.