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Norman County, MN · Sold

MN-497498

111 County Road 195

$518,500
$3,490/ac · 149 ac
Acreage149 ac
Price per acre$3,490/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedMay 12, 2024
Coordinates47.3360, -96.4586
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
13
Low risk
Wetlands3.9% of tract

Little to no mapped wetland coverage.

Average slope9.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,042 ft of deeded road frontage.

Power4,800 ft away

Service extension needed; get a utility quote.

Buildable area135.62 of 148.55 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$515,277
$411,625$618,930 · $3,469/ac on 149 ac
Asking vs estimate
+0.6%
In line with the comp set

Weighted from 9 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 $518,500
Maximum allowable offer
$294,444
$1,982/ac · +30.0% target margin

You need $224,056 off asking to hit this margin.

All-in cost$319,472
Net resale$474,055
Projected profit$154,583
ROI+48.4%
Annualized+69.2%
Break-even resale$2,338/ac
Profit if resale lands off target
-20%
$59,772
-10%
$107,178
0%
$154,583
+10%
$201,989
+20%
$249,394
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-627108
Gravel · Full utilities
112.0Jul 27, 2026$498,4004,4512,4844.0 mi
81
MN-537511
Dirt · Full utilities
150.0Jul 8, 2025$719,9004,8013,5095.3 mi
80
MN-266694
Paved · Full utilities
83.0Jul 27, 2026$701,6008,4563,7176.4 mi
80
MN-577670
Gravel · Off grid
168.3Sep 24, 2025$577,4003,4323,1665.3 mi
78
MN-227339
Gravel · Off grid
132.4Oct 7, 2025$713,3005,3884,6576.3 mi
78
MN-417670
Gravel · Full utilities
168.3Dec 14, 2024$947,7005,6333,7353.5 mi
74
MN-357168
Dirt · Off grid
117.0Jun 15, 2024$404,7003,4603,5475.2 mi
73
MN-836899
Dirt · Power at road
96.3Nov 22, 2024$473,8004,9224,0176.2 mi
69
MN-795831
Dirt · Power at road
44.4Apr 11, 2024$135,5003,0532,1547.1 mi
57
Show adjustment detail for the top comp
  • Tract size (111.99 ac → 148.55 ac)-7.1%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Full utilities → Off grid)-30.3%

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.