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Polk County, MN · Sold

MN-157490

4957 County Road 369

$219,400
$1,486/ac · 148 ac
Acreage148 ac
Price per acre$1,486/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedApr 27, 2024
Coordinates47.7819, -96.4189
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

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

View Polk market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
52
Moderate risk
Wetlands4.0% of tract

Little to no mapped wetland coverage.

Average slope21.3%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power12,402 ft away

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

Buildable area85.07 of 147.69 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$321,888
$235,257$408,520 · $2,179/ac on 148 ac
Asking vs estimate
-31.8%
Priced below 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 $219,400
Maximum allowable offer
$183,936
$1,245/ac · +30.0% target margin

You need $35,464 off asking to hit this margin.

All-in cost$199,571
Net resale$296,137
Projected profit$96,567
ROI+48.4%
Annualized+69.2%
Break-even resale$1,469/ac
Profit if resale lands off target
-20%
$37,339
-10%
$66,953
0%
$96,567
+10%
$126,180
+20%
$155,794
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-717963
Landlocked · Off grid
208.1Jul 27, 2026$515,4002,4772,7267.4 mi
83
MN-408044
Dirt · Off grid
220.6Nov 21, 2025$332,0001,5051,3695.3 mi
75
MN-977641
Dirt · Power at road
164.8Jun 2, 2025$424,0002,5731,8717.8 mi
74
MN-598292
Dirt · Off grid
264.1Jan 6, 2026$652,5002,4712,3545.2 mi
73
MN-595993
Dirt · Full utilities
49.9Jul 14, 2026$315,8006,3252,7097.1 mi
69
MN-966125
Dirt · Off grid
54.9Jul 20, 2025$123,1002,2401,4627.1 mi
68
MN-556200
Landlocked · Off grid
58.0Sep 19, 2025$113,3001,9531,6198.9 mi
67
MN-398591
Gravel · Off grid
327.9Feb 26, 2025$1,124,1003,4283,0966.0 mi
65
MN-676033
Gravel · Off grid
51.4Jul 8, 2024$218,9004,2582,4557.8 mi
58
Show adjustment detail for the top comp
  • Tract size (208.05 ac → 147.69 ac)+9.8%

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.