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Lake County, MN · Sold

MN-209197

5366 County Road 229

$904,100
$1,777/ac · 509 ac
Acreage509 ac
Price per acre$1,777/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedMar 13, 2024
Coordinates47.5202, -91.5355
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

3 items to verify before you offer.

Risk index
29
Low risk
Wetlands2.3% of tract

Little to no mapped wetland coverage.

Average slope23.2%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

5,020 ft of deeded road frontage.

Power11,016 ft away

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

Buildable area298.16 of 508.64 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$993,079
$815,138$1,171,020 · $1,952/ac on 509 ac
Asking vs estimate
-9.0%
Priced below 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 $904,100
Maximum allowable offer
$567,474
$1,116/ac · +30.0% target margin

You need $336,626 off asking to hit this margin.

All-in cost$615,709
Net resale$913,633
Projected profit$297,923
ROI+48.4%
Annualized+69.2%
Break-even resale$1,316/ac
Profit if resale lands off target
-20%
$115,197
-10%
$206,560
0%
$297,923
+10%
$389,287
+20%
$480,650
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-409224
Gravel · Off grid
518.7Jul 27, 2026$1,282,3002,4722,4920.0 mi
98
MN-208861
Gravel · Off grid
398.8Mar 17, 2026$756,2001,8961,79410.4 mi
80
MN-558745
Dirt · Full utilities
366.6Nov 29, 2025$964,4002,6311,99010.3 mi
71
MN-506904
Gravel · Power at road
96.6Aug 5, 2025$276,1002,8581,5946.3 mi
65
MN-127371
Dirt · Full utilities
135.5Jun 29, 2026$396,3002,9251,63310.4 mi
64
MN-406893
Landlocked · Off grid
95.8Sep 14, 2025$160,8001,6771,60912.3 mi
56
MN-217437
Dirt · Power at road
142.1Jan 25, 2024$435,0003,0612,3268.0 mi
53
Show adjustment detail for the top comp
  • Tract size (518.68 ac → 508.64 ac)+0.6%

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.