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Lake of the Woods County, MN · Sold

MN-955394

1935 County Road 237

$107,300
$3,317/ac · 32.35 ac
Acreage32.35 ac
Price per acre$3,317/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedOct 5, 2023
Coordinates48.7165, -94.9912
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 of the Woods County, Minnesota. Lake country cabin lots north, prime tillable ground south.

View Lake of the Woods market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
53
Moderate risk
Wetlands44.2% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.0%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power978 ft away

Service extension needed; get a utility quote.

Buildable area17.15 of 32.35 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$134,493
$96,835$172,151 · $4,157/ac on 32.35 ac
Asking vs estimate
-20.2%
Priced below 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 $107,300
Maximum allowable offer
$76,853
$2,376/ac · +30.0% target margin

You need $30,447 off asking to hit this margin.

All-in cost$83,386
Net resale$123,733
Projected profit$40,348
ROI+48.4%
Annualized+69.2%
Break-even resale$2,802/ac
Profit if resale lands off target
-20%
$15,601
-10%
$27,974
0%
$40,348
+10%
$52,721
+20%
$65,094
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-995375
Gravel · Off grid
31.9Jul 27, 2026$110,9003,4762,9898.9 mi
85
MN-715505
Dirt · Off grid
35.1Jun 11, 2025$100,6002,8683,0512.2 mi
82
MN-954202
Dirt · Off grid
13.6Jul 27, 2026$54,5003,9943,5714.7 mi
78
MN-326111
Landlocked · Full utilities
54.4Jul 27, 2026$225,6004,1484,0369.3 mi
75
MN-727095
Dirt · Power at road
110.9Jul 27, 2026$517,9004,6695,1638.9 mi
74
MN-624731
Gravel · Full utilities
20.0Sep 10, 2025$227,80011,3826,6039.6 mi
68
MN-376017
Gravel · Power at road
50.8Apr 15, 2024$198,6003,9083,4094.8 mi
65
MN-626823
Landlocked · Full utilities
91.1Jun 13, 2024$388,9004,2695,0771.9 mi
60
Show adjustment detail for the top comp
  • Access (Gravel → Dirt)-14.0%

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.