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St. Louis County, MN · Sold

MN-778706

6901 County Road 115

$732,200
$2,054/ac · 356 ac
Acreage356 ac
Price per acre$2,054/ac
ZoningResidential
Road accessPaved
UtilitiesOff grid
TopographyWooded
ListedJan 12, 2025
Coordinates47.6991, -92.3516
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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

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

View St. Louis market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
27
Low risk
Wetlands17.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power2,154 ft away

Service extension needed; get a utility quote.

Buildable area277.97 of 356.40 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$815,916
$627,798$1,004,033 · $2,289/ac on 356 ac
Asking vs estimate
-10.3%
Priced below the comp set

Weighted from 10 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 $732,200
Maximum allowable offer
$466,237
$1,308/ac · +30.0% target margin

You need $265,963 off asking to hit this margin.

All-in cost$505,867
Net resale$750,642
Projected profit$244,775
ROI+48.4%
Annualized+69.3%
Break-even resale$1,543/ac
Profit if resale lands off target
-20%
$94,647
-10%
$169,711
0%
$244,775
+10%
$319,839
+20%
$394,904
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-499099
Gravel · Power at road
473.8Jul 27, 2026$1,027,9002,1692,37410.6 mi
77
MN-809472
Gravel · Power at road
620.8Jun 27, 2026$1,850,0002,9803,55215.9 mi
74
MN-277438
Landlocked · Full utilities
142.2Jul 27, 2026$245,4001,7261,6152.1 mi
74
MN-608099
Landlocked · Power at road
229.6Jul 27, 2026$276,2001,2031,56613.3 mi
73
MN-439182
Landlocked · Full utilities
503.1Jul 21, 2025$820,5001,6312,28411.0 mi
73
MN-388567
Dirt · Full utilities
322.3Oct 23, 2024$767,0002,3802,3775.7 mi
72
MN-997980
Landlocked · Full utilities
210.6Jul 27, 2026$493,9002,3452,44217.1 mi
70
MN-557433
Gravel · Power at road
141.7Mar 22, 2026$366,1002,5832,0322.8 mi
70
MN-807495
Gravel · Off grid
148.2May 22, 2025$348,5002,3512,2785.8 mi
65
MN-587536
Dirt · Full utilities
152.7Jan 24, 2025$451,3002,9562,3695.9 mi
62
Show adjustment detail for the top comp
  • Tract size (473.78 ac → 356.4 ac)+8.9%
  • Access (Gravel → Paved)+18.0%
  • Utilities (Power at road → Off grid)-15.0%

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.