
Petersons Lts
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About this home
Exceptional development opportunity in the heart of northern Minnesota! This unique offering includes four build-ready lots, with a conceptual plan already in place that may allow for the creation of a fifth lot by the future owner (buyer to verify all approvals and requirements with local governing authorities). These lots are ready for immediate development with significant improvements already completed, including: City water connected City sewer connected Driveways installed Culverts installed Ready for building Whether you’re a builder, developer, investor, or an individual looking to create a private northern Minnesota retreat, this property offers flexibility and tremendous potential. Conveniently located in Floodwood, you’ll enjoy easy access to several major communities: Approximately 30 minutes to Grand Rapids Approximately 30 minutes to Cloquet Approximately 30 minutes to Hibbing Approximately 40 minutes to Duluth The property is also located near both Highway 2 and Highway 73, providing excellent access throughout northeastern Minnesota. Outdoor enthusiasts will appreciate the proximity to the Floodwood Campground and the St. Louis River, offering outstanding opportunities for fishing, boating, hunting, ATV riding, and year-round recreation. Enjoy the peaceful Northwoods lifestyle while remaining within easy driving distance of shopping, dining, healthcare, and major retailers in Cloquet, Grand Rapids, Hibbing, and Duluth. This property presents a rare opportunity to build a dream home, develop multiple homesites, create a family compound, or add to an investment portfolio. The groundwork has already been completed, allowing the next owner to focus on bringing their vision to life. Don’t miss the chance to secure a turnkey development opportunity in one of northern Minnesota’s most desirable recreational corridors. Buyer and Buyer’s Agent to verify all dimensions, lot configurations, zoning requirements, utility connections, and potential subdivision opportunities.
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Home facts
Facts & features
Interior
- Bathrooms
- 0
Property
- Fencing
- None
- Lot size
- 0.15 acres
- Lot dimensions
- 0.
- Lot features
- Corner Lot, Tree Coverage - Medium
- Road frontage
- City Street
- Road responsibility
- Public Maintained Road
Construction
- Property type
- Land
Utilities
- Utilities
- Electricity Available, Electricity Connected, Sewer Connected, Water Connected
Community & HOA
- Subdivision
- Petersons Lts
- HOA
- No HOA
- School district
- 698 - Floodwood
- High school district
- Floodwood
Financial & listing details
- Annual tax
- $166 (2025)
- Listed
- Jun 8, 2026
- Days on market
- 112
- Inclusions
- None
Interior details
Exterior & lot
Utilities
Parking & garage
Financial details
Schools
How SODL buyer credits work
When you buy with SODL, the brokerage charges a flat $3,000 platform fee at closing. The remaining buyer-side commission (typically 3% of the purchase price) is credited directly back to you at closing, reducing the cash you bring to the table.
- Tour homes with SODL’s flexible showing network
- Submit offers and manage your transaction through the platform
- Keep more money at closing through transparent flat-fee pricing
A clear, modern way to buy with expert guidance and meaningful savings.
Estimated monthly payment
These payment estimates are for illustration purposes only and may vary based on your lender, interest rate, credit profile, down payment, taxes, insurance, and loan terms. For a more accurate monthly payment estimate, speak with your lender or connect with SODL’s preferred lending partner.
Location
11691 Highway 8, Floodwood, MN, 55736
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Listing information
Listing information provided courtesy of the MLS. This information is deemed reliable but is not guaranteed.
