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Itasca County, MN · Sold

MN-633542

416 County Road 132

$29,800
$3,522/ac · 8.46 ac
Acreage8.46 ac
Price per acre$3,522/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedJul 9, 2024
Coordinates47.4328, -93.5506
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

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

View Itasca market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
29
Low risk
Wetlands4.2% of tract

Little to no mapped wetland coverage.

Average slope22.0%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

549 ft of deeded road frontage.

Power12,808 ft away

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

Buildable area4.86 of 8.46 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$25,381
$21,554$29,208 · $3,000/ac on 8.46 ac
Asking vs estimate
+17.4%
Priced above the comp set

Weighted from 9 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 $29,800
Maximum allowable offer
$14,503
$1,714/ac · +30.0% target margin

You need $15,297 off asking to hit this margin.

All-in cost$15,736
Net resale$23,350
Projected profit$7,615
ROI+48.4%
Annualized+69.3%
Break-even resale$2,022/ac
Profit if resale lands off target
-20%
$2,945
-10%
$5,280
0%
$7,615
+10%
$9,950
+20%
$12,285
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-564069
Landlocked · Power at road
12.4Mar 7, 2026$25,1002,0302,2937.6 mi
74
MN-263845
Paved · Power at road
10.5Jul 24, 2025$48,5004,6043,0307.3 mi
72
MN-622058
Dirt · Power at road
2.9Jul 27, 2026$12,0004,1693,3788.3 mi
71
MN-633955
Gravel · Off grid
11.4Apr 14, 2025$43,5003,8153,5487.5 mi
71
MN-462465
Dirt · Full utilities
3.9Feb 7, 2026$14,4003,7232,5458.0 mi
70
MN-154932
Gravel · Off grid
23.1Jun 19, 2026$72,8003,1453,0199.2 mi
69
MN-191892
Gravel · Off grid
2.6Mar 24, 2026$8,0003,1362,5996.4 mi
67
MN-355036
Paved · Off grid
25.0Jan 5, 2025$84,1003,3692,9392.9 mi
67
MN-221928
Landlocked · Power at road
2.6Aug 22, 2024$8,9003,3843,7395.3 mi
62
Show adjustment detail for the top comp
  • Tract size (12.39 ac → 8.46 ac)+3.2%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (5 mo)+1.9%

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.