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Itasca County, MN · Sold

MN-221928

8963 County Road 369

$9,300
$3,536/ac · 2.63 ac
Acreage2.63 ac
Price per acre$3,536/ac
ZoningRecreational
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedOct 16, 2023
Coordinates47.5063, -93.5188
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
36
Moderate risk
Wetlands10.9% of tract

Little to no mapped wetland coverage.

Average slope4.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power181 ft away

Power at or near the road.

Buildable area2.23 of 2.63 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$7,516
$5,598$9,435 · $2,858/ac on 2.63 ac
Asking vs estimate
+23.7%
Priced above the comp set

Weighted from 10 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 $9,300
Maximum allowable offer
$4,295
$1,633/ac · +30.0% target margin

You need $5,005 off asking to hit this margin.

All-in cost$4,660
Net resale$6,915
Projected profit$2,255
ROI+48.4%
Annualized+69.3%
Break-even resale$1,926/ac
Profit if resale lands off target
-20%
$872
-10%
$1,563
0%
$2,255
+10%
$2,946
+20%
$3,638
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-622058
Dirt · Power at road
2.9Jul 27, 2026$12,0004,1693,3125.5 mi
86
MN-191892
Gravel · Off grid
2.6Mar 24, 2026$8,0003,1362,5492.5 mi
84
MN-211448
Landlocked · Power at road
1.9Jun 23, 2026$7,3003,9373,9305.6 mi
84
MN-601532
Dirt · Off grid
2.0Jun 30, 2025$5,0002,5422,4606.9 mi
76
MN-462465
Dirt · Full utilities
3.9Feb 7, 2026$14,4003,7232,4953.6 mi
76
MN-290856
Gravel · Power at road
1.2Dec 17, 2025$2,9002,3771,6387.3 mi
69
MN-111302
Paved · Full utilities
1.7Aug 28, 2024$10,2006,1153,09710.4 mi
67
MN-670265
Landlocked · Full utilities
0.8May 28, 2026$1,8002,2441,82211.3 mi
67
MN-640723
Dirt · Power at road
1.1Mar 10, 2025$4,9004,4613,6838.4 mi
63
MN-633542
Dirt · Off grid
8.5Nov 1, 2024$28,1003,3183,4985.3 mi
62
Show adjustment detail for the top comp
  • Access (Dirt → Landlocked)-20.9%

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.