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Norman County, MN · Sold

MN-421484

1428 County Road 237

$9,200
$4,842/ac · 1.90 ac
Acreage1.90 ac
Price per acre$4,842/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographySloped
ListedDec 30, 2023
Coordinates47.4154, -96.3532
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

2 items to verify before you offer.

Risk index
10
Low risk
Wetlands1.1% of tract

Little to no mapped wetland coverage.

Average slope13.2%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

114 ft of deeded road frontage.

Power87 ft away

Power at or near the road.

Buildable area1.50 of 1.90 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$12,466
$10,563$14,369 · $6,561/ac on 1.90 ac
Asking vs estimate
-26.2%
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 $9,200
Maximum allowable offer
$7,123
$3,749/ac · +30.0% target margin

You need $2,077 off asking to hit this margin.

All-in cost$7,728
Net resale$11,469
Projected profit$3,740
ROI+48.4%
Annualized+69.3%
Break-even resale$4,421/ac
Profit if resale lands off target
-20%
$1,447
-10%
$2,593
0%
$3,740
+10%
$4,887
+20%
$6,034
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-941631
Landlocked · Full utilities
2.1Jul 27, 2026$11,7005,5185,7451.9 mi
87
MN-831635
Dirt · Power at road
2.1Jul 27, 2026$12,7005,9796,00510.9 mi
85
MN-772638
Landlocked · Full utilities
4.4Jul 27, 2026$30,2006,8807,3213.0 mi
74
MN-602493
Dirt · Power at road
4.0Sep 1, 2025$19,5004,9295,23110.4 mi
68
MN-762964
Dirt · Off grid
5.6Jan 16, 2026$27,8005,0016,23910.0 mi
65
MN-153089
Gravel · Off grid
6.1Sep 13, 2025$45,0007,3828,0708.2 mi
65
MN-710420
Landlocked · Off grid
0.9Dec 1, 2023$4,2004,8117,8909.8 mi
57
Show adjustment detail for the top comp
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Full utilities → Power at road)-18.0%

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.