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Koochiching County, MN · Sold

MN-628557

3635 County Road 297

$470,800
$1,472/ac · 320 ac
Acreage320 ac
Price per acre$1,472/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedMar 16, 2024
Coordinates48.2028, -93.9277
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

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

View Koochiching market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
32
Moderate risk
Wetlands2.7% of tract

Little to no mapped wetland coverage.

Average slope25.5%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,928 ft of deeded road frontage.

Power13,312 ft away

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

Buildable area186.78 of 319.93 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$587,132
$485,604$688,660 · $1,835/ac on 320 ac
Asking vs estimate
-19.8%
Priced below the comp set

Weighted from 6 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 $470,800
Maximum allowable offer
$335,504
$1,049/ac · +30.0% target margin

You need $135,296 off asking to hit this margin.

All-in cost$364,022
Net resale$540,162
Projected profit$176,140
ROI+48.4%
Annualized+69.2%
Break-even resale$1,237/ac
Profit if resale lands off target
-20%
$68,108
-10%
$122,124
0%
$176,140
+10%
$230,156
+20%
$284,172
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-449019
Landlocked · Off grid
447.1Jul 20, 2026$774,4001,7322,4264.3 mi
82
MN-188569
Gravel · Off grid
322.7Oct 20, 2025$639,9001,9831,76813.6 mi
77
MN-209704
Dirt · Full utilities
734.4May 21, 2026$1,324,2001,8031,6292.3 mi
76
MN-617889
Dirt · Off grid
197.2May 11, 2024$391,6001,9861,8944.9 mi
69
MN-657247
Dirt · Off grid
123.8Aug 9, 2025$268,0002,1641,7358.2 mi
67
MN-307207
Paved · Off grid
120.3Feb 12, 2025$289,6002,4071,4238.2 mi
61
Show adjustment detail for the top comp
  • Tract size (447.1 ac → 319.93 ac)+10.4%
  • Access (Landlocked → Dirt)+26.5%

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.