St. Louis County, MN · Sold

MN-587536

4418 County Road 224

$444,200

$2,909/ac · 153 ac

Offer report Market this tract

Acreage153 ac

Price per acre$2,909/ac

ZoningRecreational

Road accessDirt

UtilitiesFull utilities

TopographySloped

ListedOct 22, 2024

Coordinates47.6744, -92.4721

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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

2 items to verify before you offer.

Risk index

Low risk

Wetlands4.7% of tract

Little to no mapped wetland coverage.

Average slope12.9%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,128 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area116.42 of 152.70 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$439,249

$364,328 – $514,171 · $2,877/ac on 153 ac

Asking vs estimate

+1.1%

In line with 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 $444,200

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$251,000

$1,644/ac · +30.0% target margin

You need $193,200 off asking to hit this margin.

All-in cost$272,335

Net resale$404,110

Projected profit$131,775

ROI+48.4%

Annualized+69.2%

Break-even resale$1,939/ac

Profit if resale lands off target

-20%

$50,953

-10%

$91,364

$131,775

+10%

$172,185

+20%

$212,596

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
MN-277438 Landlocked · Full utilities	142.2	Jul 27, 2026	$245,400	1,726	2,146	4.6 mi	87
MN-557433 Gravel · Power at road	141.7	Mar 22, 2026	$366,100	2,583	2,702	4.1 mi	87
MN-807495 Gravel · Off grid	148.2	May 22, 2025	$348,500	2,351	3,028	2.8 mi	78
MN-608099 Landlocked · Power at road	229.6	Jul 27, 2026	$276,200	1,203	2,082	7.7 mi	78
MN-997980 Landlocked · Full utilities	210.6	Jul 27, 2026	$493,900	2,345	3,246	14.0 mi	77
MN-499099 Gravel · Power at road	473.8	Jul 27, 2026	$1,027,900	2,169	3,156	5.5 mi	70
MN-388567 Dirt · Full utilities	322.3	Oct 23, 2024	$767,000	2,380	3,160	1.6 mi	70
MN-847118 Dirt · Off grid	112.8	May 15, 2024	$207,700	1,841	2,673	12.6 mi	66
MN-526360 Gravel · Power at road	65.1	Nov 19, 2024	$226,700	3,480	3,180	1.8 mi	64
MN-317032 Gravel · Power at road	106.0	Jun 13, 2024	$381,100	3,596	3,746	10.8 mi	63

Show adjustment detail for the top comp

Tract size (142.23 ac → 152.7 ac)-1.9%
Access (Landlocked → Dirt)+26.5%

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.

Build the listing kit Post a deal or JV