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City of Elk River <br />Land Analysis <br />April 18, 2016 <br />Page 7 <br />DEVELOPMENT LAND SALES <br />deistricts, at a minimum, average medium -density land value is expected to be similar to the <br />average low-density residential land value. <br />The unit of comparison used for each of these property types is price per acre. The sales <br />used in this analysis are presented on location maps, followed by summary grids, and <br />statistical analysis. <br />PATCHIN MESSNER DODD & BRUMM <br />Valuation Counselors <br />