Lake County, MN · Sold

MN-409224

402 County Road 379

$1,317,900

$2,541/ac · 519 ac

Offer report Market this tract

Acreage519 ac

Price per acre$2,541/ac

ZoningMixed Use

Road accessGravel

UtilitiesOff grid

TopographyFlat

ListedJan 17, 2026

Coordinates47.5207, -91.5351

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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

Low risk

Wetlands20.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.3%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

5,634 ft of deeded road frontage.

Power7,054 ft away

A long utility run — price in solar/off-grid instead.

Buildable area393.21 of 518.68 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$938,941

$823,609 – $1,054,272 · $1,810/ac on 519 ac

Asking vs estimate

+40.4%

Priced above the comp set

Weighted from 7 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 $1,317,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$536,538

$1,034/ac · +30.0% target margin

You need $781,362 off asking to hit this margin.

All-in cost$582,144

Net resale$863,826

Projected profit$281,682

ROI+48.4%

Annualized+69.2%

Break-even resale$1,220/ac

Profit if resale lands off target

-20%

$108,917

-10%

$195,299

$281,682

+10%

$368,064

+20%

$454,447

Comparable sales7 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MN-209197 Gravel · Off grid	508.6	Jan 20, 2025	$877,900	1,726	1,829	0.0 mi	88
MN-208861 Gravel · Off grid	398.8	Mar 17, 2026	$756,200	1,896	1,783	10.4 mi	79
MN-558745 Dirt · Full utilities	366.6	Nov 29, 2025	$964,400	2,631	1,978	10.3 mi	71
MN-506904 Gravel · Power at road	96.6	Aug 5, 2025	$276,100	2,858	1,585	6.2 mi	64
MN-127371 Dirt · Full utilities	135.5	Jun 29, 2026	$396,300	2,925	1,624	10.4 mi	64
MN-406893 Landlocked · Off grid	95.8	Sep 14, 2025	$160,800	1,677	1,599	12.3 mi	56
MN-217437 Dirt · Power at road	142.1	Jan 25, 2024	$435,000	3,061	2,312	8.0 mi	53

Show adjustment detail for the top comp

Tract size (508.64 ac → 518.68 ac)-0.6%
Market time (19 mo)+6.6%

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.

Build the listing kit Post a deal or JV