← New search
Itasca County, MN · Sold

MN-289182

1659 County Road 297

$1,391,700
$2,766/ac · 503 ac
Acreage503 ac
Price per acre$2,766/ac
ZoningResidential
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedMar 31, 2025
Coordinates47.5273, -93.5021
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

No material red flags on the mapped layers.

Risk index
9
Low risk
Wetlands4.8% of tract

Little to no mapped wetland coverage.

Average slope9.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

5,140 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area455.04 of 503.14 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,321,359
$1,067,795$1,574,924 · $2,626/ac on 503 ac
Asking vs estimate
+5.3%
Priced above the comp set

Weighted from 5 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 $1,391,700
Maximum allowable offer
$755,062
$1,501/ac · +30.0% target margin

You need $636,638 off asking to hit this margin.

All-in cost$819,242
Net resale$1,215,650
Projected profit$396,408
ROI+48.4%
Annualized+69.2%
Break-even resale$1,770/ac
Profit if resale lands off target
-20%
$153,278
-10%
$274,843
0%
$396,408
+10%
$517,973
+20%
$639,538
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-558042
Landlocked · Off grid
220.3Jul 27, 2026$243,0001,1031,8322.4 mi
79
MN-367932
Landlocked · Full utilities
203.4Apr 2, 2026$562,6002,7663,1718.8 mi
73
MN-299323
Dirt · Off grid
557.3Feb 24, 2025$907,8001,6292,9789.4 mi
71
MN-907732
Gravel · Power at road
176.0Jul 27, 2026$565,7003,2142,8998.9 mi
71
MN-628641
Dirt · Off grid
340.0Aug 4, 2024$489,1001,4392,3181.7 mi
69
Show adjustment detail for the top comp
  • Tract size (220.31 ac → 503.14 ac)-21.5%
  • Access (Landlocked → Gravel)+47.1%
  • 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.