Lake County, MN · Sold

MN-217437

2007 County Road 8

$433,300

$3,049/ac · 142 ac

Offer report Market this tract

Acreage142 ac

Price per acre$3,049/ac

ZoningResidential

Road accessDirt

UtilitiesPower at road

TopographyFlat

ListedOct 30, 2023

Coordinates47.4288, -91.4316

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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

3 items to verify before you offer.

Risk index

Low risk

Wetlands16.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,824 ft of deeded road frontage.

Power141 ft away

Power at or near the road.

Buildable area113.42 of 142.13 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$404,325

$331,875 – $476,775 · $2,845/ac on 142 ac

Asking vs estimate

+7.2%

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 $433,300

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$231,043

$1,626/ac · +30.0% target margin

You need $202,257 off asking to hit this margin.

All-in cost$250,682

Net resale$371,979

Projected profit$121,298

ROI+48.4%

Annualized+69.2%

Break-even resale$1,917/ac

Profit if resale lands off target

-20%

$46,902

-10%

$84,100

$121,298

+10%

$158,496

+20%

$195,694

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MN-127371 Dirt · Full utilities	135.5	Jun 29, 2026	$396,300	2,925	2,380	5.1 mi	87
MN-558745 Dirt · Full utilities	366.6	Nov 29, 2025	$964,400	2,631	2,901	8.0 mi	71
MN-536062 Dirt · Full utilities	52.5	Jul 27, 2026	$277,900	5,295	3,438	11.7 mi	70
MN-306506 Dirt · Power at road	72.4	Oct 21, 2024	$300,000	4,143	3,776	11.3 mi	69
MN-506904 Gravel · Power at road	96.6	Aug 5, 2025	$276,100	2,858	2,324	13.5 mi	68
MN-406893 Landlocked · Off grid	95.8	Sep 14, 2025	$160,800	1,677	2,345	12.4 mi	68
MN-208861 Gravel · Off grid	398.8	Mar 17, 2026	$756,200	1,896	2,614	4.6 mi	67
MN-746003 Gravel · Off grid	50.3	Mar 21, 2025	$185,300	3,684	3,092	2.9 mi	62

Show adjustment detail for the top comp

Tract size (135.5 ac → 142.13 ac)-1.2%
Utilities (Full utilities → Power at road)-18.0%
Market time (2 mo)+0.5%

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