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St. Louis County, MN · Sold

MN-860544

3530 County Road 87

$5,100
$5,313/ac · 0.96 ac
Acreage0.96 ac
Price per acre$5,313/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedMay 27, 2024
Coordinates47.4422, -92.6231
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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

St. Louis County, Minnesota. Lake country cabin lots north, prime tillable ground south.

View St. Louis market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
16
Low risk
Wetlands10.0% of tract

Little to no mapped wetland coverage.

Average slope9.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

180 ft of deeded road frontage.

Power139 ft away

Power at or near the road.

Buildable area0.82 of 0.96 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$4,359
$3,924$4,795 · $4,541/ac on 0.96 ac
Asking vs estimate
+17.0%
Priced above 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 $5,100
Maximum allowable offer
$2,491
$2,595/ac · +30.0% target margin

You need $2,609 off asking to hit this margin.

All-in cost$2,703
Net resale$4,010
Projected profit$1,308
ROI+48.4%
Annualized+69.2%
Break-even resale$3,060/ac
Profit if resale lands off target
-20%
$506
-10%
$907
0%
$1,308
+10%
$1,709
+20%
$2,110
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-130536
Dirt · Off grid
1.0Jul 27, 2026$3,0003,1444,31017.1 mi
80
MN-820491
Dirt · Off grid
0.9May 30, 2025$3,2003,4424,9479.4 mi
75
MN-831662
Gravel · Power at road
2.2Jul 27, 2026$8,6003,9504,00711.8 mi
74
MN-131289
Paved · Power at road
1.6Nov 21, 2024$9,2005,5725,1017.0 mi
71
MN-831543
Dirt · Power at road
2.0Feb 20, 2026$8,4004,2215,06011.1 mi
68
MN-130954
Paved · Full utilities
1.3Dec 12, 2024$7,0005,3634,00110.6 mi
66
MN-992247
Dirt · Full utilities
3.3Oct 20, 2024$13,6004,1074,31411.0 mi
54
Show adjustment detail for the top comp
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Off grid → Power at road)+17.6%

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.