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Koochiching County, MN · Sold

MN-657247

4948 County Road 256

$291,600
$2,354/ac · 124 ac
Acreage124 ac
Price per acre$2,354/ac
ZoningMixed Use
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedJul 8, 2025
Coordinates48.3193, -93.8903
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
21
Low risk
Wetlands0.1% of tract

Little to no mapped wetland coverage.

Average slope19.0%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,940 ft of deeded road frontage.

Power7,040 ft away

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

Buildable area98.98 of 123.85 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$274,395
$239,151$309,639 · $2,216/ac on 124 ac
Asking vs estimate
+6.3%
Priced above the comp set

Weighted from 8 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 $291,600
Maximum allowable offer
$156,797
$1,266/ac · +30.0% target margin

You need $134,803 off asking to hit this margin.

All-in cost$170,125
Net resale$252,443
Projected profit$82,319
ROI+48.4%
Annualized+69.3%
Break-even resale$1,493/ac
Profit if resale lands off target
-20%
$31,830
-10%
$57,074
0%
$82,319
+10%
$107,563
+20%
$132,807
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-307207
Paved · Off grid
120.3Feb 12, 2025$289,6002,4071,85211.6 mi
78
MN-617889
Dirt · Off grid
197.2May 11, 2024$391,6001,9862,4637.1 mi
73
MN-826033
Paved · Off grid
51.4Jul 27, 2026$233,9004,5502,7118.2 mi
72
MN-795613
Dirt · Power at road
37.9May 18, 2026$115,8003,0532,0183.0 mi
71
MN-915734
Dirt · Off grid
41.4Sep 7, 2024$100,4002,4262,0523.2 mi
65
MN-628557
Dirt · Off grid
319.9Apr 18, 2024$436,4001,3641,9488.2 mi
62
MN-188569
Gravel · Off grid
322.7Oct 20, 2025$639,9001,9832,30016.9 mi
61
MN-355664
Dirt · Power at road
39.3Dec 4, 2024$133,5003,3922,3947.9 mi
59
Show adjustment detail for the top comp
  • Tract size (120.32 ac → 123.85 ac)-0.7%
  • Access (Paved → Dirt)-27.1%
  • Market time (18 mo)+6.3%

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.