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Cass County, MN · Sold

MN-807948

4338 County Road 204

$430,000
$2,089/ac · 206 ac
Acreage206 ac
Price per acre$2,089/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedApr 4, 2024
Coordinates46.8724, -94.4468
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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

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

View Cass market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
68
High risk
Wetlands34.6% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.7%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power14,376 ft away

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

Buildable area127.86 of 205.80 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$424,775
$359,677$489,873 · $2,064/ac on 206 ac
Asking vs estimate
+1.2%
In line with the comp set

Weighted from 5 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 $430,000
Maximum allowable offer
$242,729
$1,179/ac · +30.0% target margin

You need $187,271 off asking to hit this margin.

All-in cost$263,361
Net resale$390,793
Projected profit$127,432
ROI+48.4%
Annualized+69.2%
Break-even resale$1,391/ac
Profit if resale lands off target
-20%
$49,273
-10%
$88,353
0%
$127,432
+10%
$166,511
+20%
$205,591
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-577865
Landlocked · Power at road
193.8Feb 5, 2025$381,5001,9691,75110.8 mi
74
MN-797085
Dirt · Off grid
110.1May 6, 2026$350,4003,1822,15510.1 mi
72
MN-867073
Dirt · Power at road
109.2Jul 27, 2026$390,8003,5792,03715.0 mi
70
MN-117760
Gravel · Full utilities
179.6Aug 9, 2024$949,5005,2872,61713.0 mi
67
MN-746540
Dirt · Power at road
74.2Feb 6, 2025$235,4003,1731,74711.6 mi
57
Show adjustment detail for the top comp
  • Tract size (193.8 ac → 205.8 ac)-1.7%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (18 mo)+6.4%

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.