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Itasca County, MN · Sold

MN-367932

8862 County Road 37

$534,300
$2,626/ac · 203 ac
Acreage203 ac
Price per acre$2,626/ac
ZoningResidential
Road accessLandlocked
UtilitiesFull utilities
TopographyWooded
ListedDec 12, 2025
Coordinates47.5735, -93.6787
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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

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

View Itasca market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
35
Moderate risk
Wetlands9.4% of tract

Little to no mapped wetland coverage.

Average slope8.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area175.09 of 203.43 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$407,028
$320,676$493,380 · $2,001/ac on 203 ac
Asking vs estimate
+31.3%
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 $534,300
Maximum allowable offer
$232,587
$1,143/ac · +30.0% target margin

You need $301,713 off asking to hit this margin.

All-in cost$252,357
Net resale$374,466
Projected profit$122,109
ROI+48.4%
Annualized+69.3%
Break-even resale$1,348/ac
Profit if resale lands off target
-20%
$47,216
-10%
$84,662
0%
$122,109
+10%
$159,555
+20%
$197,002
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-558042
Landlocked · Off grid
220.3Jul 27, 2026$243,0001,1031,6237.7 mi
90
MN-907732
Gravel · Power at road
176.0Jul 27, 2026$565,7003,2142,5682.4 mi
85
MN-289182
Gravel · Full utilities
503.1Jun 8, 2026$1,274,8002,5342,2628.8 mi
75
MN-647073
Gravel · Full utilities
109.2Dec 6, 2025$254,9002,3351,3855.8 mi
71
MN-336479
Dirt · Power at road
71.0Jun 12, 2026$167,3002,3571,75214.8 mi
64
MN-628641
Dirt · Off grid
340.0Aug 4, 2024$489,1001,4392,0538.0 mi
63
MN-426846
Paved · Power at road
92.6Dec 27, 2023$231,0002,4941,5857.3 mi
59
MN-616396
Gravel · Power at road
66.9Aug 19, 2024$217,2003,2492,2046.5 mi
57
MN-299323
Dirt · Off grid
557.3Feb 24, 2025$907,8001,6292,63713.6 mi
56
Show adjustment detail for the top comp
  • Tract size (220.31 ac → 203.43 ac)+2.3%
  • Utilities (Off grid → Full utilities)+43.5%

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.