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St. Louis County, MN · Sold

MN-388567

2658 County Road 59

$738,200
$2,291/ac · 322 ac
Acreage322 ac
Price per acre$2,291/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographyRolling
ListedOct 20, 2023
Coordinates47.6539, -92.4547
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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

1 item to verify before you offer.

Risk index
14
Low risk
Wetlands10.3% of tract

Little to no mapped wetland coverage.

Average slope6.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,841 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area274.61 of 322.26 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$787,883
$608,012$967,755 · $2,445/ac on 322 ac
Asking vs estimate
-6.3%
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 $738,200
Maximum allowable offer
$450,219
$1,397/ac · +30.0% target margin

You need $287,981 off asking to hit this margin.

All-in cost$488,488
Net resale$724,853
Projected profit$236,365
ROI+48.4%
Annualized+69.2%
Break-even resale$1,648/ac
Profit if resale lands off target
-20%
$91,395
-10%
$163,880
0%
$236,365
+10%
$308,850
+20%
$381,336
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
MN-608099
Landlocked · Power at road
229.6Jul 27, 2026$276,2001,2031,6877.5 mi
78
MN-499099
Gravel · Power at road
473.8Jul 27, 2026$1,027,9002,1692,5586.9 mi
78
MN-997980
Landlocked · Full utilities
210.6Jul 27, 2026$493,9002,3452,63112.7 mi
76
MN-277438
Landlocked · Full utilities
142.2Jul 27, 2026$245,4001,7261,7404.0 mi
76
MN-778706
Paved · Off grid
356.4Feb 27, 2025$761,5002,1372,4445.7 mi
74
MN-439182
Landlocked · Full utilities
503.1Jul 21, 2025$820,5001,6312,4615.6 mi
72
MN-809472
Gravel · Power at road
620.8Jun 27, 2026$1,850,0002,9803,82710.3 mi
71
MN-587536
Dirt · Full utilities
152.7Jan 24, 2025$451,3002,9562,5521.6 mi
71
MN-557433
Gravel · Power at road
141.7Mar 22, 2026$366,1002,5832,1904.7 mi
70
MN-807495
Gravel · Off grid
148.2May 22, 2025$348,5002,3512,4544.4 mi
65
Show adjustment detail for the top comp
  • Tract size (229.6 ac → 322.26 ac)-9.3%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Power at road → Full utilities)+22.0%

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.