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Lake County, MN · Sold

MN-506904

6957 County Road 374

$320,300
$3,315/ac · 96.61 ac
Acreage96.61 ac
Price per acre$3,315/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedSep 24, 2024
Coordinates47.6107, -91.5391
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

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
31
Moderate risk
Wetlands4.2% of tract

Little to no mapped wetland coverage.

Average slope23.0%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power136 ft away

Power at or near the road.

Buildable area55.53 of 96.61 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$369,490
$305,067$433,912 · $3,825/ac on 96.61 ac
Asking vs estimate
-13.3%
Priced below 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 $320,300
Maximum allowable offer
$211,137
$2,185/ac · +30.0% target margin

You need $109,163 off asking to hit this margin.

All-in cost$229,084
Net resale$339,931
Projected profit$110,847
ROI+48.4%
Annualized+69.2%
Break-even resale$2,577/ac
Profit if resale lands off target
-20%
$42,861
-10%
$76,854
0%
$110,847
+10%
$144,840
+20%
$178,833
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-536062
Dirt · Full utilities
52.5Jul 27, 2026$277,9005,2954,4106.6 mi
79
MN-406893
Landlocked · Off grid
95.8Sep 14, 2025$160,8001,6773,00812.0 mi
75
MN-127371
Dirt · Full utilities
135.5Jun 29, 2026$396,3002,9253,05414.3 mi
74
MN-746003
Gravel · Off grid
50.3Mar 21, 2025$185,3003,6843,96710.6 mi
69
MN-306506
Dirt · Power at road
72.4Oct 21, 2024$300,0004,1434,84510.7 mi
68
MN-145700
Gravel · Power at road
40.4Sep 25, 2024$177,2004,3883,9257.9 mi
64
MN-217437
Dirt · Power at road
142.1Jan 25, 2024$435,0003,0614,34913.5 mi
63
MN-825445
Dirt · Full utilities
33.6Feb 27, 2026$132,2003,9393,07013.6 mi
62
Show adjustment detail for the top comp
  • Tract size (52.49 ac → 96.61 ac)-12.8%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Full utilities → Power at road)-18.0%

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.