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Cook County, MN · Sold

MN-804877

1998 County Road 87

$175,700
$7,897/ac · 22.25 ac
Acreage22.25 ac
Price per acre$7,897/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyWooded
ListedMar 17, 2025
Coordinates47.7274, -90.3226
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County GIS boundary

We do not yet have an active public ArcGIS connection for this county. Use the official source link to verify the parcel boundary and flood/zoning layers.

County market

Cook County, Minnesota. Lake country cabin lots north, prime tillable ground south.

View Cook market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
22
Low risk
Wetlands19.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,102 ft of deeded road frontage.

Power5,178 ft away

A long utility run — price in solar/off-grid instead.

Buildable area17.04 of 22.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$141,531
$112,337$170,724 · $6,361/ac on 22.25 ac
Asking vs estimate
+24.1%
Priced above the comp set

Weighted from 10 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.

AI deal brief

Comps, diligence flags, an offer number and what to ask the seller.

Offer calculatorAsking $175,700
Maximum allowable offer
$80,875
$3,635/ac · +30.0% target margin

You need $94,825 off asking to hit this margin.

All-in cost$87,749
Net resale$130,208
Projected profit$42,459
ROI+48.4%
Annualized+69.2%
Break-even resale$4,287/ac
Profit if resale lands off target
-20%
$16,417
-10%
$29,438
0%
$42,459
+10%
$55,480
+20%
$68,501
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-524784
Dirt · Off grid
20.8Jul 27, 2026$99,5004,7816,5163.7 mi
92
MN-895023
Paved · Power at road
24.7Jul 27, 2026$147,6005,9685,1606.8 mi
86
MN-445853
Paved · Off grid
45.1Jul 27, 2026$248,7005,5116,2045.8 mi
83
MN-254121
Dirt · Power at road
12.9Jul 27, 2026$56,0004,3534,7751.3 mi
80
MN-165734
Landlocked · Off grid
41.4Jul 27, 2026$118,3002,8595,4944.9 mi
78
MN-625991
Paved · Power at road
49.9Apr 17, 2026$470,7009,4419,3185.7 mi
73
MN-126277
Landlocked · Off grid
61.3Aug 28, 2025$148,1002,4145,2127.6 mi
68
MN-964079
Gravel · Full utilities
12.5Oct 29, 2025$104,6008,3856,66710.0 mi
67
MN-766425
Dirt · Power at road
68.3Jan 28, 2026$325,2004,7626,9544.7 mi
66
MN-163197
Gravel · Power at road
6.6Jan 18, 2026$57,1008,6647,9406.5 mi
63
Show adjustment detail for the top comp
  • Tract size (20.8 ac → 22.25 ac)-0.9%
  • Access (Dirt → Paved)+37.2%

Step 3 · Market it

Turn this underwriting into a listing

Generate a comp-priced headline, listing description, land-group post and cash-buyer email for this tract — then post it to the investor marketplace.