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Norman County, MN · Sold

MN-589789

2276 County Road 121

$1,393,300
$1,784/ac · 781 ac
Acreage781 ac
Price per acre$1,784/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesPower at road
TopographyWooded
ListedNov 7, 2025
Coordinates47.3929, -96.5188
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

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

View Norman market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
35
Moderate risk
Wetlands8.2% of tract

Little to no mapped wetland coverage.

Average slope8.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power56 ft away

Power at or near the road.

Buildable area681.12 of 781.01 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,479,160
$1,341,805$1,616,515 · $1,894/ac on 781 ac
Asking vs estimate
-5.8%
Priced below the comp set

Weighted from 7 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 $1,393,300
Maximum allowable offer
$845,234
$1,082/ac · +30.0% target margin

You need $548,066 off asking to hit this margin.

All-in cost$917,079
Net resale$1,360,827
Projected profit$443,748
ROI+48.4%
Annualized+69.2%
Break-even resale$1,276/ac
Profit if resale lands off target
-20%
$171,583
-10%
$307,666
0%
$443,748
+10%
$579,831
+20%
$715,914
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-629945
Dirt · Power at road
874.5Mar 7, 2025$1,627,7001,8611,6164.0 mi
81
MN-589644
Landlocked · Off grid
703.1Jan 29, 2025$1,203,0001,7112,0752.1 mi
78
MN-119264
Gravel · Off grid
533.9Nov 24, 2025$1,388,0002,6001,9080.5 mi
76
MN-577670
Gravel · Off grid
168.3Sep 24, 2025$577,4003,4321,81510.1 mi
61
MN-497498
Dirt · Off grid
148.6Apr 2, 2025$430,9002,9011,7584.8 mi
56
MN-537511
Dirt · Full utilities
150.0Jul 8, 2025$719,9004,8012,0119.7 mi
55
MN-417670
Gravel · Full utilities
168.3Dec 14, 2024$947,7005,6332,1418.0 mi
54
Show adjustment detail for the top comp
  • Tract size (874.46 ac → 781.01 ac)+3.6%
  • Access (Dirt → Landlocked)-20.9%
  • Market time (17 mo)+6.1%

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.