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Koochiching County, MN · Sold

MN-882843

2164 County Road 123

$18,500
$3,627/ac · 5.10 ac
Acreage5.10 ac
Price per acre$3,627/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedSep 16, 2024
Coordinates48.3123, -93.9237
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
14
Low risk
Wetlands12.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

357 ft of deeded road frontage.

Power207 ft away

Power at or near the road.

Buildable area4.25 of 5.10 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$26,513
$19,809$33,218 · $5,199/ac on 5.10 ac
Asking vs estimate
-30.2%
Priced below 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 $18,500
Maximum allowable offer
$15,151
$2,971/ac · +30.0% target margin

You need $3,349 off asking to hit this margin.

All-in cost$16,439
Net resale$24,392
Projected profit$7,954
ROI+48.4%
Annualized+69.2%
Break-even resale$3,504/ac
Profit if resale lands off target
-20%
$3,075
-10%
$5,514
0%
$7,954
+10%
$10,393
+20%
$12,832
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-272504
Landlocked · Off grid
4.0May 24, 2026$10,3002,5824,4630.5 mi
83
MN-173310
Gravel · Power at road
7.2Oct 12, 2025$30,9004,3184,55315.9 mi
72
MN-481696
Dirt · Off grid
2.2Aug 21, 2025$6,0002,7253,7772.3 mi
72
MN-772492
Paved · Power at road
4.0Jun 30, 2024$27,6006,9946,3898.0 mi
69
MN-554062
Landlocked · Off grid
12.3Feb 3, 2025$47,1003,8227,47315.5 mi
56
Show adjustment detail for the top comp
  • Tract size (3.99 ac → 5.1 ac)-1.0%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (3 mo)+1.0%

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.