Comparable sales & offer analysis
Parcel MI-117673
Schoolcraft County, MI · 156 ac · Agricultural · Landlocked · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$220,800
Adjusted value
$286,741
Value range
$253,081–$320,400
Comp $/acre
$1,842/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -23.0% versus the adjusted value.
Offer position
Max allowable offer
$163,852
Offer $/acre
$1,053/ac
Projected profit
$86,022
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-718274 | 240.6 | May 5, 2026 | $419,900 | 1,745 | 1,992 | 84 |
| MI-537869 | 179.4 | Jun 29, 2025 | $248,800 | 1,387 | 1,776 | 83 |
| MI-697311 | 119.8 | Apr 26, 2026 | $277,000 | 2,313 | 1,750 | 81 |
| MI-256974 | 93.8 | Jul 27, 2026 | $411,400 | 4,385 | 2,225 | 80 |
| MI-268279 | 241.4 | Jul 27, 2026 | $458,400 | 1,899 | 1,999 | 77 |
| MI-408455 | 274.3 | Jul 4, 2026 | $481,300 | 1,755 | 1,693 | 77 |
| MI-187230 | 112.9 | Aug 4, 2025 | $175,000 | 1,550 | 1,383 | 73 |
| MI-857054 | 99.4 | May 21, 2025 | $397,300 | 3,997 | 1,769 | 71 |
| MI-286776 | 81.3 | Oct 11, 2024 | $305,100 | 3,754 | 1,979 | 68 |
| MI-668548 | 293.4 | Jan 15, 2024 | $853,800 | 2,910 | 1,820 | 62 |
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.