Comparable sales & offer analysis
Parcel MN-409224
Lake County, MN · 519 ac · Mixed Use · Gravel · Off grid
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$1,317,900
Adjusted value
$944,306
Value range
$828,319–$1,060,293
Comp $/acre
$1,821/ac
Weighted from 7 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +39.6% versus the adjusted value.
Offer position
Max allowable offer
$539,603
Offer $/acre
$1,040/ac
Projected profit
$283,292
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| MN-209197 | 508.6 | Jan 20, 2025 | $877,900 | 1,726 | 1,838 | 87 |
| MN-208861 | 398.8 | Mar 17, 2026 | $756,200 | 1,896 | 1,793 | 78 |
| MN-558745 | 366.6 | Nov 29, 2025 | $964,400 | 2,631 | 1,989 | 70 |
| MN-506904 | 96.6 | Aug 5, 2025 | $276,100 | 2,858 | 1,594 | 63 |
| MN-127371 | 135.5 | Jun 29, 2026 | $396,300 | 2,925 | 1,633 | 63 |
| MN-406893 | 95.8 | Sep 14, 2025 | $160,800 | 1,677 | 1,608 | 55 |
| MN-217437 | 142.1 | Jan 25, 2024 | $435,000 | 3,061 | 2,324 | 53 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.