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Lake County, MN · Sold

MN-742671

6603 County Road 224

$21,700
$4,822/ac · 4.50 ac
Acreage4.50 ac
Price per acre$4,822/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedOct 24, 2024
Coordinates47.4484, -91.3402
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

2 items to verify before you offer.

Risk index
21
Low risk
Wetlands7.8% of tract

Little to no mapped wetland coverage.

Average slope4.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power7,810 ft away

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

Buildable area3.94 of 4.50 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$21,022
$17,610$24,433 · $4,671/ac on 4.50 ac
Asking vs estimate
+3.2%
In line with the comp set

Weighted from 6 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 $21,700
Maximum allowable offer
$12,012
$2,669/ac · +30.0% target margin

You need $9,688 off asking to hit this margin.

All-in cost$13,033
Net resale$19,340
Projected profit$6,307
ROI+48.4%
Annualized+69.3%
Break-even resale$3,148/ac
Profit if resale lands off target
-20%
$2,439
-10%
$4,373
0%
$6,307
+10%
$8,241
+20%
$10,175
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-191484
Dirt · Power at road
1.9Jul 27, 2026$8,7004,6053,8262.3 mi
78
MN-883275
Paved · Full utilities
7.0Jun 10, 2026$67,2009,6455,0456.0 mi
76
MN-932485
Paved · Off grid
3.9Aug 22, 2024$28,6007,2715,7107.3 mi
72
MN-751526
Dirt · Full utilities
2.0Jan 25, 2025$12,5006,3544,6023.3 mi
66
MN-513781
Dirt · Full utilities
10.1Apr 22, 2025$46,8004,6503,5868.8 mi
64
MN-893589
Paved · Off grid
8.8Jun 14, 2024$55,7006,3655,2547.6 mi
63
Show adjustment detail for the top comp
  • Tract size (1.9 ac → 4.5 ac)-2.5%
  • Utilities (Power at road → Off grid)-15.0%

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.