← New search
Lake County, MN · Sold

MN-536062

235 County Road 187

$281,600
$5,365/ac · 52.49 ac
Acreage52.49 ac
Price per acre$5,365/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographyFlat
ListedFeb 4, 2026
Coordinates47.5974, -91.3984
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

No material red flags on the mapped layers.

Risk index
4
Low risk
Wetlands4.6% of tract

Little to no mapped wetland coverage.

Average slope2.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,342 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area47.57 of 52.49 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$229,335
$186,814$271,855 · $4,369/ac on 52.49 ac
Asking vs estimate
+22.8%
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 $281,600
Maximum allowable offer
$131,048
$2,497/ac · +30.0% target margin

You need $150,552 off asking to hit this margin.

All-in cost$142,187
Net resale$210,988
Projected profit$68,801
ROI+48.4%
Annualized+69.3%
Break-even resale$2,944/ac
Profit if resale lands off target
-20%
$26,603
-10%
$47,702
0%
$68,801
+10%
$89,899
+20%
$110,998
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-746003
Gravel · Off grid
50.3Mar 21, 2025$185,3003,6844,7749.2 mi
77
MN-825445
Dirt · Full utilities
33.6Feb 27, 2026$132,2003,9393,6948.5 mi
77
MN-127371
Dirt · Full utilities
135.5Jun 29, 2026$396,3002,9253,67510.0 mi
72
MN-306506
Dirt · Power at road
72.4Oct 21, 2024$300,0004,1435,8304.2 mi
72
MN-506904
Gravel · Power at road
96.6Aug 5, 2025$276,1002,8583,5886.6 mi
71
MN-406893
Landlocked · Off grid
95.8Sep 14, 2025$160,8001,6773,6205.3 mi
68
MN-145700
Gravel · Power at road
40.4Sep 25, 2024$177,2004,3884,7239.3 mi
67
MN-217437
Dirt · Power at road
142.1Jan 25, 2024$435,0003,0615,23311.7 mi
57
Show adjustment detail for the top comp
  • Tract size (50.3 ac → 52.49 ac)-0.9%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (17 mo)+5.9%

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.