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Lake County, MN · Sold

MN-513781

8743 County Road 264

$54,900
$5,457/ac · 10.06 ac
Acreage10.06 ac
Price per acre$5,457/ac
ZoningRecreational
Road accessDirt
UtilitiesFull utilities
TopographyFlat
ListedApr 8, 2024
Coordinates47.5612, -91.4271
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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

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

View Lake market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
41
Moderate risk
Wetlands41.4% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.1%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

432 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area5.60 of 10.06 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$65,086
$54,110$76,062 · $6,470/ac on 10.06 ac
Asking vs estimate
-15.7%
Priced below the comp set

Weighted from 5 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 $54,900
Maximum allowable offer
$37,192
$3,697/ac · +30.0% target margin

You need $17,708 off asking to hit this margin.

All-in cost$40,353
Net resale$59,879
Projected profit$19,526
ROI+48.4%
Annualized+69.3%
Break-even resale$4,360/ac
Profit if resale lands off target
-20%
$7,550
-10%
$13,538
0%
$19,526
+10%
$25,514
+20%
$31,502
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-883275
Paved · Full utilities
7.0Jun 10, 2026$67,2009,6456,9042.9 mi
81
MN-893589
Paved · Off grid
8.8Jun 14, 2024$55,7006,3657,1892.7 mi
72
MN-825445
Dirt · Full utilities
33.6Feb 27, 2026$132,2003,9394,6557.4 mi
68
MN-742671
Dirt · Off grid
4.5Oct 9, 2025$18,4004,0995,8098.8 mi
67
MN-932485
Paved · Off grid
3.9Aug 22, 2024$28,6007,2717,8134.1 mi
60
Show adjustment detail for the top comp
  • Tract size (6.97 ac → 10.06 ac)-2.5%
  • Access (Paved → Dirt)-27.1%
  • Market time (2 mo)+0.8%

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.