← New search
Itasca County, MN · Sold

MN-564069

2480 County Road 280

$25,900
$2,090/ac · 12.39 ac
Acreage12.39 ac
Price per acre$2,090/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesPower at road
TopographyWooded
ListedOct 22, 2025
Coordinates47.5422, -93.5702
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
35
Moderate risk
Wetlands10.7% of tract

Little to no mapped wetland coverage.

Average slope2.7%

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.

Power223 ft away

Power at or near the road.

Buildable area10.51 of 12.39 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$32,463
$27,386$37,540 · $2,620/ac on 12.39 ac
Asking vs estimate
-20.2%
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 $25,900
Maximum allowable offer
$18,550
$1,497/ac · +30.0% target margin

You need $7,350 off asking to hit this margin.

All-in cost$20,127
Net resale$29,866
Projected profit$9,739
ROI+48.4%
Annualized+69.3%
Break-even resale$1,766/ac
Profit if resale lands off target
-20%
$3,766
-10%
$6,753
0%
$9,739
+10%
$12,726
+20%
$15,712
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-633955
Gravel · Off grid
11.4Apr 14, 2025$43,5003,8153,1990.2 mi
79
MN-263845
Paved · Power at road
10.5Jul 24, 2025$48,5004,6042,7329.6 mi
74
MN-154932
Gravel · Off grid
23.1Jun 19, 2026$72,8003,1452,72210.1 mi
72
MN-462465
Dirt · Full utilities
3.9Feb 7, 2026$14,4003,7232,2950.5 mi
68
MN-885782
Landlocked · Full utilities
42.9Jun 14, 2026$91,1002,1252,08710.0 mi
68
MN-633542
Dirt · Off grid
8.5Nov 1, 2024$28,1003,3183,2177.6 mi
66
MN-435617
Dirt · Off grid
38.0Sep 28, 2025$84,6002,2252,4972.9 mi
64
MN-355036
Paved · Off grid
25.0Jan 5, 2025$84,1003,3692,65010.5 mi
61
MN-145716
Gravel · Power at road
40.9Jan 19, 2024$91,1002,2311,9816.5 mi
57
Show adjustment detail for the top comp
  • Tract size (11.41 ac → 12.39 ac)-0.7%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (16 mo)+5.6%

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.