Pine County, MN · Sold

MN-107978

213 County Road 368

$1,115,500

$5,304/ac · 210 ac

Offer report Market this tract

Acreage210 ac

Price per acre$5,304/ac

ZoningMixed Use

Road accessPaved

UtilitiesOff grid

TopographyRolling

ListedNov 22, 2024

Coordinates46.0861, -92.7749

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

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

View Pine market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index

Low risk

Wetlands1.9% of tract

Little to no mapped wetland coverage.

Average slope9.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,511 ft of deeded road frontage.

Power8,384 ft away

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

Buildable area196.02 of 210.33 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$850,942

$662,286 – $1,039,597 · $4,046/ac on 210 ac

Asking vs estimate

+31.1%

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 $1,115,500

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$486,253

$2,312/ac · +30.0% target margin

You need $629,247 off asking to hit this margin.

All-in cost$527,585

Net resale$782,867

Projected profit$255,282

ROI+48.4%

Annualized+69.2%

Break-even resale$2,726/ac

Profit if resale lands off target

-20%

$98,709

-10%

$176,995

$255,282

+10%

$333,569

+20%

$411,855

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MN-148272 Dirt · Off grid	260.3	Jul 14, 2026	$862,700	3,315	4,849	3.8 mi	84
MN-787804 Paved · Off grid	185.4	Nov 6, 2024	$690,300	3,723	3,862	3.0 mi	78
MN-599118 Paved · Off grid	480.3	Jul 27, 2026	$1,555,700	3,239	4,130	5.8 mi	77
MN-617659 Gravel · Off grid	166.9	Feb 11, 2025	$376,800	2,257	2,658	2.1 mi	75
MN-927340 Paved · Off grid	132.5	Aug 11, 2025	$824,300	6,221	5,722	4.9 mi	75
MN-667479 Landlocked · Off grid	146.5	Apr 26, 2024	$339,600	2,318	3,996	6.5 mi	72
MN-848934 Gravel · Off grid	420.4	Apr 3, 2025	$1,346,800	3,204	4,888	4.9 mi	72
MN-578931 Gravel · Off grid	419.5	Nov 27, 2025	$971,300	2,315	3,439	5.1 mi	71
MN-198866 Gravel · Full utilities	400.2	Jun 21, 2025	$1,090,100	2,724	2,829	4.0 mi	67
MN-319112 Gravel · Power at road	478.3	May 22, 2025	$1,374,600	2,874	3,853	3.6 mi	65

Show adjustment detail for the top comp

Tract size (260.25 ac → 210.33 ac)+6.2%
Access (Dirt → Paved)+37.2%
Market time (1 mo)+0.4%

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.

Build the listing kit Post a deal or JV