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Koochiching County, MN · Sold

MN-617889

845 County Road 368

$417,000
$2,115/ac · 197 ac
Acreage197 ac
Price per acre$2,115/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedMar 6, 2024
Coordinates48.2260, -93.8260
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

1 item to verify before you offer.

Risk index
14
Low risk
Wetlands7.8% of tract

Little to no mapped wetland coverage.

Average slope8.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,176 ft of deeded road frontage.

Power3,190 ft away

Service extension needed; get a utility quote.

Buildable area172.72 of 197.19 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$403,061
$321,708$484,414 · $2,044/ac on 197 ac
Asking vs estimate
+3.5%
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 $417,000
Maximum allowable offer
$230,321
$1,168/ac · +30.0% target margin

You need $186,679 off asking to hit this margin.

All-in cost$249,898
Net resale$370,816
Projected profit$120,918
ROI+48.4%
Annualized+69.2%
Break-even resale$1,377/ac
Profit if resale lands off target
-20%
$46,755
-10%
$83,836
0%
$120,918
+10%
$157,999
+20%
$195,081
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-657247
Dirt · Off grid
123.8Aug 9, 2025$268,0002,1641,9927.1 mi
78
MN-449019
Landlocked · Off grid
447.1Jul 20, 2026$774,4001,7322,7867.3 mi
78
MN-307207
Paved · Off grid
120.3Feb 12, 2025$289,6002,4071,6344.7 mi
74
MN-188569
Gravel · Off grid
322.7Oct 20, 2025$639,9001,9832,03110.3 mi
70
MN-628557
Dirt · Off grid
319.9Apr 18, 2024$436,4001,3641,7194.9 mi
69
Show adjustment detail for the top comp
  • Tract size (123.85 ac → 197.19 ac)-11.7%
  • Market time (12 mo)+4.3%

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.