St. Louis County, MN · Sold

MN-847118

4765 County Road 59

$196,100

$1,738/ac · 113 ac

Offer report Market this tract

Acreage113 ac

Price per acre$1,738/ac

ZoningMixed Use

Road accessDirt

UtilitiesOff grid

TopographyMixed

ListedSep 29, 2023

Coordinates47.4966, -92.4118

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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

Low risk

Wetlands4.9% of tract

Little to no mapped wetland coverage.

Average slope2.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,544 ft of deeded road frontage.

Power8,650 ft away

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

Buildable area101.91 of 112.80 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$249,669

$207,312 – $292,026 · $2,213/ac on 113 ac

Asking vs estimate

-21.5%

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 $196,100

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$142,668

$1,265/ac · +30.0% target margin

You need $53,432 off asking to hit this margin.

All-in cost$154,795

Net resale$229,695

Projected profit$74,901

ROI+48.4%

Annualized+69.2%

Break-even resale$1,492/ac

Profit if resale lands off target

-20%

$28,962

-10%

$51,931

$74,901

+10%

$97,870

+20%

$120,840

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	1,618	12.3 mi	77
MN-997980 Landlocked · Full utilities	210.6	Jul 27, 2026	$493,900	2,345	2,447	4.4 mi	76
MN-317032 Gravel · Power at road	106.0	Jun 13, 2024	$381,100	3,596	2,824	8.4 mi	75
MN-557433 Gravel · Power at road	141.7	Mar 22, 2026	$366,100	2,583	2,037	15.1 mi	73
MN-608099 Landlocked · Power at road	229.6	Jul 27, 2026	$276,200	1,203	1,569	11.3 mi	71
MN-587536 Dirt · Full utilities	152.7	Jan 24, 2025	$451,300	2,956	2,374	12.6 mi	68
MN-807495 Gravel · Off grid	148.2	May 22, 2025	$348,500	2,351	2,283	15.4 mi	68
MN-388567 Dirt · Full utilities	322.3	Oct 23, 2024	$767,000	2,380	2,382	11.0 mi	63
MN-526360 Gravel · Power at road	65.1	Nov 19, 2024	$226,700	3,480	2,397	10.8 mi	62
MN-778706 Paved · Off grid	356.4	Feb 27, 2025	$761,500	2,137	2,273	14.3 mi	56

Show adjustment detail for the top comp

Tract size (142.23 ac → 112.8 ac)+6.2%
Access (Landlocked → Dirt)+26.5%
Utilities (Full utilities → Off grid)-30.3%

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.

Build the listing kit Post a deal or JV