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Norman County, MN · Sold

MN-153089

450 County Road 308

$49,400
$8,112/ac · 6.09 ac
Acreage6.09 ac
Price per acre$8,112/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedMay 26, 2025
Coordinates47.3571, -96.5051
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

4 items to verify before you offer.

Risk index
22
Low risk
Wetlands17.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

373 ft of deeded road frontage.

Power4,996 ft away

Service extension needed; get a utility quote.

Buildable area4.79 of 6.09 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$42,888
$32,211$53,565 · $7,042/ac on 6.09 ac
Asking vs estimate
+15.2%
Priced above the comp set

Weighted from 10 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 $49,400
Maximum allowable offer
$24,507
$4,024/ac · +30.0% target margin

You need $24,893 off asking to hit this margin.

All-in cost$26,590
Net resale$39,457
Projected profit$12,867
ROI+48.4%
Annualized+69.3%
Break-even resale$4,746/ac
Profit if resale lands off target
-20%
$4,975
-10%
$8,921
0%
$12,867
+10%
$16,812
+20%
$20,758
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-762964
Dirt · Off grid
5.6Jan 16, 2026$27,8005,0015,9282.0 mi
84
MN-613419
Dirt · Power at road
7.7Jul 27, 2026$56,8007,3367,3714.4 mi
82
MN-772638
Landlocked · Full utilities
4.4Jul 27, 2026$30,2006,8806,9565.9 mi
79
MN-413529
Dirt · Off grid
8.4Dec 6, 2025$70,7008,43610,2954.2 mi
77
MN-953217
Landlocked · Off grid
6.7Jun 20, 2024$35,6005,3318,5944.7 mi
74
MN-941631
Landlocked · Full utilities
2.1Jul 27, 2026$11,7005,5185,4596.6 mi
69
MN-602493
Dirt · Power at road
4.0Sep 1, 2025$19,5004,9294,9707.6 mi
69
MN-444612
Paved · Power at road
18.4Jul 27, 2026$217,40011,8439,3906.7 mi
69
MN-831635
Dirt · Power at road
2.1Jul 27, 2026$12,7005,9795,7059.9 mi
67
MN-994379
Dirt · Power at road
15.5Jan 22, 2025$73,3004,7265,3615.6 mi
65
Show adjustment detail for the top comp
  • Access (Dirt → Gravel)+16.3%
  • 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.