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Lake County, MN · Sold

MN-751526

4689 County Road 188

$13,700
$6,990/ac · 1.96 ac
Acreage1.96 ac
Price per acre$6,990/ac
ZoningResidential
Road accessDirt
UtilitiesFull utilities
TopographyMixed
ListedFeb 1, 2024
Coordinates47.4303, -91.4052
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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

4 items to verify before you offer.

Risk index
26
Low risk
Wetlands19.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area1.51 of 1.96 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$12,896
$10,779$15,013 · $6,580/ac on 1.96 ac
Asking vs estimate
+6.2%
Priced above the comp set

Weighted from 8 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 $13,700
Maximum allowable offer
$7,369
$3,760/ac · +30.0% target margin

You need $6,331 off asking to hit this margin.

All-in cost$7,995
Net resale$11,865
Projected profit$3,869
ROI+48.4%
Annualized+69.3%
Break-even resale$4,434/ac
Profit if resale lands off target
-20%
$1,496
-10%
$2,683
0%
$3,869
+10%
$5,056
+20%
$6,242
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-191484
Dirt · Power at road
1.9Jul 27, 2026$8,7004,6055,6271.2 mi
91
MN-450355
Dirt · Off grid
0.8Oct 30, 2025$3,3003,9285,7598.6 mi
72
MN-742671
Dirt · Off grid
4.5Oct 9, 2025$18,4004,0996,2443.3 mi
70
MN-200874
Paved · Off grid
1.2Jun 9, 2025$7,7006,3146,8814.6 mi
70
MN-730845
Dirt · Power at road
1.2Feb 5, 2025$5,6004,6295,9635.9 mi
69
MN-790496
Paved · Off grid
0.9Oct 21, 2025$5,0005,4185,80110.0 mi
69
MN-932485
Paved · Off grid
3.9Aug 22, 2024$28,6007,2718,3996.2 mi
66
MN-650666
Landlocked · Power at road
1.1Jan 12, 2025$5,5005,1998,48012.3 mi
65
Show adjustment detail for the top comp
  • Utilities (Power at road → Full utilities)+22.0%

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.