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Lake County, MN · Sold

MN-893589

8502 County Road 208

$56,600
$6,469/ac · 8.75 ac
Acreage8.75 ac
Price per acre$6,469/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyRolling
ListedMar 11, 2024
Coordinates47.5264, -91.4549
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
15
Low risk
Wetlands7.6% of tract

Little to no mapped wetland coverage.

Average slope10.1%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

464 ft of deeded road frontage.

Power4,002 ft away

Service extension needed; get a utility quote.

Buildable area7.68 of 8.75 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$50,431
$41,945$58,916 · $5,763/ac on 8.75 ac
Asking vs estimate
+12.2%
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 $56,600
Maximum allowable offer
$28,817
$3,293/ac · +30.0% target margin

You need $27,783 off asking to hit this margin.

All-in cost$31,266
Net resale$46,396
Projected profit$15,130
ROI+48.4%
Annualized+69.3%
Break-even resale$3,884/ac
Profit if resale lands off target
-20%
$5,850
-10%
$10,490
0%
$15,130
+10%
$19,769
+20%
$24,409
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-883275
Paved · Full utilities
7.0Jun 10, 2026$67,2009,6456,6702.2 mi
85
MN-513781
Dirt · Full utilities
10.1Apr 22, 2025$46,8004,6504,7412.7 mi
76
MN-191484
Dirt · Power at road
1.9Jul 27, 2026$8,7004,6055,0587.5 mi
70
MN-742671
Dirt · Off grid
4.5Oct 9, 2025$18,4004,0995,6127.6 mi
69
MN-932485
Paved · Off grid
3.9Aug 22, 2024$28,6007,2717,5491.4 mi
68
MN-825445
Dirt · Full utilities
33.6Feb 27, 2026$132,2003,9394,4987.4 mi
62
MN-145700
Gravel · Power at road
40.4Sep 25, 2024$177,2004,3885,7504.0 mi
56
MN-751526
Dirt · Full utilities
2.0Jan 25, 2025$12,5006,3546,0847.0 mi
55
Show adjustment detail for the top comp
  • Tract size (6.97 ac → 8.75 ac)-1.5%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (2 mo)+0.8%

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.