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Lac qui Parle County, MN · Sold

MN-468012

2876 County Road 28

$971,000
$4,504/ac · 216 ac
Acreage216 ac
Price per acre$4,504/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedJun 29, 2025
Coordinates45.0648, -96.1459
Loading terrain…
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

Lac qui Parle County, Minnesota. Lake country cabin lots north, prime tillable ground south.

View Lac qui Parle market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
21
Low risk
Wetlands10.1% of tract

Little to no mapped wetland coverage.

Average slope6.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

3,808 ft of deeded road frontage.

Power11,016 ft away

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

Buildable area184.11 of 215.57 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$954,848
$817,365$1,092,330 · $4,429/ac on 216 ac
Asking vs estimate
+1.7%
In line with the comp set

Weighted from 6 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 $971,000
Maximum allowable offer
$545,627
$2,531/ac · +30.0% target margin

You need $425,373 off asking to hit this margin.

All-in cost$592,005
Net resale$878,460
Projected profit$286,455
ROI+48.4%
Annualized+69.2%
Break-even resale$2,985/ac
Profit if resale lands off target
-20%
$110,763
-10%
$198,609
0%
$286,455
+10%
$374,301
+20%
$462,147
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-487871
Gravel · Off grid
194.6Jul 24, 2025$1,195,7006,1435,3636.3 mi
82
MN-769169
Dirt · Off grid
498.4Mar 5, 2026$1,381,7002,7723,6094.6 mi
75
MN-406561
Dirt · Power at road
75.3Jul 27, 2026$484,1006,4254,1754.5 mi
73
MN-656417
Gravel · Power at road
67.9Apr 13, 2026$532,5007,8434,3337.0 mi
66
MN-946371
Paved · Full utilities
65.7Jul 6, 2025$657,30010,0113,9353.5 mi
62
MN-689726
Paved · Power at road
746.2Feb 22, 2025$4,011,2005,3765,11211.1 mi
60
Show adjustment detail for the top comp
  • Tract size (194.64 ac → 215.57 ac)-2.8%
  • Access (Gravel → Dirt)-14.0%
  • Market time (13 mo)+4.5%

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.