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Lake County, MN · Sold

MN-558745

7557 County Road 242

$995,300
$2,715/ac · 367 ac
Acreage367 ac
Price per acre$2,715/ac
ZoningResidential
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedFeb 9, 2025
Coordinates47.5130, -91.3140
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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

1 item to verify before you offer.

Risk index
16
Low risk
Wetlands10.1% of tract

Little to no mapped wetland coverage.

Average slope9.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

4,747 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area313.10 of 366.61 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,002,356
$835,522$1,169,189 · $2,734/ac on 367 ac
Asking vs estimate
-0.7%
In line with 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 $995,300
Maximum allowable offer
$572,775
$1,562/ac · +30.0% target margin

You need $422,525 off asking to hit this margin.

All-in cost$621,461
Net resale$922,167
Projected profit$300,706
ROI+48.4%
Annualized+69.2%
Break-even resale$1,843/ac
Profit if resale lands off target
-20%
$116,273
-10%
$208,490
0%
$300,706
+10%
$392,923
+20%
$485,140
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-208861
Gravel · Off grid
398.8Mar 17, 2026$756,2001,8962,4424.4 mi
81
MN-409224
Gravel · Off grid
518.7Jul 27, 2026$1,282,3002,4723,39310.3 mi
76
MN-127371
Dirt · Full utilities
135.5Jun 29, 2026$396,3002,9252,2233.8 mi
76
MN-209197
Gravel · Off grid
508.6Jan 20, 2025$877,9001,7262,50410.3 mi
66
MN-217437
Dirt · Power at road
142.1Jan 25, 2024$435,0003,0613,1668.0 mi
63
Show adjustment detail for the top comp
  • Tract size (398.75 ac → 366.61 ac)+2.5%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (5 mo)+1.7%

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.