← New search
Stearns County, MN · Sold

MN-236528

8937 County Road 397

$297,300
$4,041/ac · 73.57 ac
Acreage73.57 ac
Price per acre$4,041/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedOct 23, 2024
Coordinates45.5484, -94.6846
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

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

View Stearns market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
3
Low risk
Wetlands3.5% of tract

Little to no mapped wetland coverage.

Average slope2.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

967 ft of deeded road frontage.

Power68 ft away

Power at or near the road.

Buildable area67.45 of 73.57 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$284,223
$232,740$335,706 · $3,863/ac on 73.57 ac
Asking vs estimate
+4.6%
In line with the comp set

Weighted from 7 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 $297,300
Maximum allowable offer
$162,413
$2,208/ac · +30.0% target margin

You need $134,887 off asking to hit this margin.

All-in cost$176,218
Net resale$261,485
Projected profit$85,267
ROI+48.4%
Annualized+69.3%
Break-even resale$2,604/ac
Profit if resale lands off target
-20%
$32,970
-10%
$59,119
0%
$85,267
+10%
$111,416
+20%
$137,564
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-756471
Gravel · Power at road
70.6Jul 27, 2026$213,8003,0293,0078.7 mi
88
MN-935499
Gravel · Off grid
34.9Jul 27, 2026$129,6003,7123,7697.0 mi
80
MN-865696
Paved · Power at road
40.3May 15, 2026$198,4004,9273,7274.8 mi
76
MN-806342
Paved · Power at road
64.3Dec 23, 2024$240,0003,7333,2826.6 mi
74
MN-317948
Paved · Full utilities
205.8Jul 8, 2026$920,2004,4714,0598.3 mi
73
MN-318181
Landlocked · Power at road
243.7Dec 26, 2025$496,5002,0384,1995.8 mi
65
MN-525460
Landlocked · Full utilities
33.9Aug 28, 2025$170,6005,0265,4027.4 mi
65
Show adjustment detail for the top comp
  • Tract size (70.59 ac → 73.57 ac)-0.9%

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.