Comparable sales & offer analysis
Parcel MN-188569
Koochiching County, MN · 323 ac · Unzoned · Gravel · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$639,900
Adjusted value
$668,146
Value range
$538,388–$797,903
Comp $/acre
$2,070/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -4.2% versus the adjusted value.
Offer position
Max allowable offer
$381,798
Offer $/acre
$1,183/ac
Projected profit
$200,444
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| MN-449019 | 447.1 | Jul 20, 2026 | $774,400 | 1,732 | 2,814 | 78 |
| MN-209704 | 734.4 | May 21, 2026 | $1,324,200 | 1,803 | 1,890 | 72 |
| MN-628557 | 319.9 | Apr 18, 2024 | $436,400 | 1,364 | 1,737 | 70 |
| MN-617889 | 197.2 | May 11, 2024 | $391,600 | 1,986 | 2,197 | 63 |
| MN-307207 | 120.3 | Feb 12, 2025 | $289,600 | 2,407 | 1,651 | 62 |
| MN-657247 | 123.8 | Aug 9, 2025 | $268,000 | 2,164 | 2,012 | 59 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.