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Morrison County, MN · Sold

MN-448823

1542 County Road 400

$1,901,800
$4,903/ac · 388 ac
Acreage388 ac
Price per acre$4,903/ac
ZoningMixed Use
Road accessPaved
UtilitiesPower at road
TopographyWooded
ListedApr 10, 2026
Coordinates46.0458, -94.2023
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

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

View Morrison market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
8
Low risk
Wetlands9.9% of tract

Little to no mapped wetland coverage.

Average slope4.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,777 ft of deeded road frontage.

Power16 ft away

Power at or near the road.

Buildable area332.04 of 387.92 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,620,515
$1,279,851$1,961,180 · $4,177/ac on 388 ac
Asking vs estimate
+17.4%
Priced above the comp set

Weighted from 3 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 $1,901,800
Maximum allowable offer
$926,009
$2,387/ac · +30.0% target margin

You need $975,791 off asking to hit this margin.

All-in cost$1,004,720
Net resale$1,490,874
Projected profit$486,154
ROI+48.4%
Annualized+69.2%
Break-even resale$2,815/ac
Profit if resale lands off target
-20%
$187,980
-10%
$337,067
0%
$486,154
+10%
$635,242
+20%
$784,329
Comparable sales3 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-989204
Paved · Power at road
511.2Jul 27, 2026$1,452,1002,8403,0927.4 mi
84
MN-908277
Gravel · Off grid
261.2Nov 4, 2025$917,6003,5134,4871.9 mi
75
MN-937431
Gravel · Power at road
141.5Mar 21, 2026$813,0005,7455,1848.3 mi
68
Show adjustment detail for the top comp
  • Tract size (511.22 ac → 387.92 ac)+8.6%

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.