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Itasca County, MN · Sold

MN-601532

989 County Road 49

$4,900
$2,487/ac · 1.97 ac
Acreage1.97 ac
Price per acre$2,487/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedSep 28, 2024
Coordinates47.6003, -93.4707
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

4 items to verify before you offer.

Risk index
33
Moderate risk
Wetlands30.9% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope3.4%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

333 ft of deeded road frontage.

Power3,274 ft away

Service extension needed; get a utility quote.

Buildable area1.29 of 1.97 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$6,255
$4,609$7,902 · $3,175/ac on 1.97 ac
Asking vs estimate
-21.7%
Priced below 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 $4,900
Maximum allowable offer
$3,575
$1,814/ac · +30.0% target margin

You need $1,325 off asking to hit this margin.

All-in cost$3,879
Net resale$5,755
Projected profit$1,876
ROI+48.4%
Annualized+69.2%
Break-even resale$2,140/ac
Profit if resale lands off target
-20%
$725
-10%
$1,301
0%
$1,876
+10%
$2,452
+20%
$3,027
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-211448
Landlocked · Power at road
1.9Jun 23, 2026$7,3003,9374,2538.9 mi
82
MN-622058
Dirt · Power at road
2.9Jul 27, 2026$12,0004,1693,5848.2 mi
80
MN-191892
Gravel · Off grid
2.6Mar 24, 2026$8,0003,1362,7586.5 mi
79
MN-462465
Dirt · Full utilities
3.9Feb 7, 2026$14,4003,7232,7005.6 mi
73
MN-221928
Landlocked · Power at road
2.6Aug 22, 2024$8,9003,3843,9676.9 mi
72
MN-111302
Paved · Full utilities
1.7Aug 28, 2024$10,2006,1153,35114.5 mi
70
MN-290856
Gravel · Power at road
1.2Dec 17, 2025$2,9002,3771,77214.0 mi
68
MN-670265
Landlocked · Full utilities
0.8May 28, 2026$1,8002,2441,97113.8 mi
65
MN-640723
Dirt · Power at road
1.1Mar 10, 2025$4,9004,4613,98515.1 mi
63
Show adjustment detail for the top comp
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (2 mo)+0.6%

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.