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Norman County, MN · Sold

MN-119264

339 County Road 349

$1,363,500
$2,554/ac · 534 ac
Acreage534 ac
Price per acre$2,554/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedApr 27, 2025
Coordinates47.3860, -96.5243
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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

3 items to verify before you offer.

Risk index
19
Low risk
Wetlands0.1% of tract

Little to no mapped wetland coverage.

Average slope14.4%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,628 ft of deeded road frontage.

Power10,554 ft away

A long utility run — price in solar/off-grid instead.

Buildable area426.72 of 533.93 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,367,064
$1,183,511$1,550,617 · $2,560/ac on 534 ac
Asking vs estimate
-0.3%
In line with 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 $1,363,500
Maximum allowable offer
$781,179
$1,463/ac · +30.0% target margin

You need $582,321 off asking to hit this margin.

All-in cost$847,579
Net resale$1,257,699
Projected profit$410,120
ROI+48.4%
Annualized+69.2%
Break-even resale$1,725/ac
Profit if resale lands off target
-20%
$158,580
-10%
$284,350
0%
$410,120
+10%
$535,889
+20%
$661,659
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-589789
Landlocked · Power at road
781.0Jan 20, 2026$1,162,0001,4882,1390.5 mi
78
MN-589644
Landlocked · Off grid
703.1Jan 29, 2025$1,203,0001,7112,9141.8 mi
75
MN-629945
Dirt · Power at road
874.5Mar 7, 2025$1,627,7001,8612,2704.3 mi
68
MN-577670
Gravel · Off grid
168.3Sep 24, 2025$577,4003,4322,54810.0 mi
65
MN-417670
Gravel · Full utilities
168.3Dec 14, 2024$947,7005,6333,0067.6 mi
60
Show adjustment detail for the top comp
  • Tract size (781.01 ac → 533.93 ac)+12.3%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (7 mo)+2.4%

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.