MN-883275
8974 County Road 387
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Lake County, Minnesota. Lake country cabin lots north, prime tillable ground south.
View Lake market data →Step 1 · Is this a deal?
3 items to verify before you offer.
Partial wetlands. Verify the delineated build envelope.
Gentle grade, straightforward to develop.
Moderate flood hazard on part of the tract.
398 ft of deeded road frontage.
Power at or near the road.
Net of wetlands and slope constraints.
Step 2 · Where do the numbers land?
Weighted from 7 recorded sales, adjusted for tract size, access, utilities and time since sale. Range width reflects dispersion across the comp set.
Comps, diligence flags, an offer number and what to ask the seller.
You need $32,694 off asking to hit this margin.
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Dist | Match |
|---|---|---|---|---|---|---|---|
| MN-893589 Paved · Off grid | 8.8 | Jun 14, 2024 | $55,700 | 6,365 | 10,120 | 2.2 mi | 74 |
| MN-513781 Dirt · Full utilities | 10.1 | Apr 22, 2025 | $46,800 | 4,650 | 6,907 | 2.9 mi | 73 |
| MN-742671 Dirt · Off grid | 4.5 | Oct 9, 2025 | $18,400 | 4,099 | 8,177 | 6.0 mi | 71 |
| MN-932485 Paved · Off grid | 3.9 | Aug 22, 2024 | $28,600 | 7,271 | 10,999 | 3.0 mi | 68 |
| MN-191484 Dirt · Power at road | 1.9 | Jul 27, 2026 | $8,700 | 4,605 | 7,369 | 6.5 mi | 67 |
| MN-825445 Dirt · Full utilities | 33.6 | Feb 27, 2026 | $132,200 | 3,939 | 6,553 | 5.2 mi | 65 |
| MN-751526 Dirt · Full utilities | 2.0 | Jan 25, 2025 | $12,500 | 6,354 | 8,864 | 6.3 mi | 60 |
Show adjustment detail for the top comp
- Tract size (8.75 ac → 6.97 ac)+1.5%
- Utilities (Off grid → Full utilities)+43.5%
- Market time (26 mo)+9.1%
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.