Active

Price cut: $30K (10/24)

$240,000

40576 County Road 242, Cohasset, MN 55721

2beds

2,262sqft

Est.:

Single Family Residence

Built in 1960

20.2 Acres Lot

$-- Zestimate^®

$106/sqft

$-- HOA

What's special

Incredible Investment Opportunity – 20 Acre Gravel Pit with Home! Rare chance to own a 20-acre inactive gravel pit with endless potential for resource extraction, or income-generating opportunities. Located in a private and accessible area, this property offers both industrial value and residential potential. Included is a 2-bedroom, 2-bath fixer-upper home – perfect for renovation into an office, rental, or your private residence. With some TLC, this structure can become a comfortable home base or add significant value to your investment. Highlights: 20 acres of land with proven gravel reserves Great access to major roads/highways Existing well, septic, and power 2-bed, 2-bath home with solid structure – needs renovation Perfect for contractors, builders, investors, or anyone seeking a mixed-use property with income potential. Opportunities like this don’t come often, schedule your showing today and explore the full potential of this one-of-a-kind property!

118 days

948

39

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
3/4 bathrooms: 2

Rooms

Room types: Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bathroom

Bedroom 1

Level: Main
Area: 130 Square Feet
Dimensions: 13 x 10

Bedroom 2

Level: Main
Area: 90 Square Feet
Dimensions: 9 x 10

Bathroom

Level: Main
Area: 49 Square Feet
Dimensions: 7 x 7

Dining room

Level: Main
Area: 91 Square Feet
Dimensions: 13 x 7

Kitchen

Level: Main
Area: 81 Square Feet
Dimensions: 9 x 9

Heating

Baseboard

Cooling

None

Features

Basement: Unfinished
Has fireplace: No

Interior area

Total structure area: 2,262
Total interior livable area: 2,262 sqft
Finished area above ground: 0
Finished area below ground: 0

Property

Parking

Total spaces: 2
Parking features: Attached, Gravel
Attached garage spaces: 2
Details: Garage Dimensions (26 x 18)

Accessibility

Accessibility features: No Stairs External

Features

Levels: One
Stories: 1

Lot

Size: 20.2 Acres
Dimensions: 1326 x 664

Details

Foundation area: 1092
Parcel number: 690253301
Zoning description: Industrial,Residential-Single Family

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Cedar, Block, Concrete, Frame

Condition

Age of Property: 65
New construction: No
Year built: 1960

Utilities & green energy

Electric: 200+ Amp Service, Power Company: Lake Country Power
Gas: Electric
Sewer: Tank with Drainage Field
Water: Well

Community & HOA

HOA

Has HOA: No

Location

Region: Cohasset

Financial & listing details

Price per square foot: $106/sqft
Tax assessed value: $137,700
Annual tax amount: $1,233
Date on market: 8/13/2025
Cumulative days on market: 84 days

Estimated market value

Not available

Estimated sales range

Not available

$1,664/mo

Price history

Date	Event	Price
10/24/2025	Price change	$240,000-11.1%$106/sqft
Source: NorthstarMLS as distributed by MLS GRID #6763625 Report a problem
9/25/2025	Price change	$270,000-9.7%$119/sqft
Source: NorthstarMLS as distributed by MLS GRID #6763625 Report a problem
8/13/2025	Listed for sale	$299,000+137.3%$132/sqft
Source: NorthstarMLS as distributed by MLS GRID #6763625 Report a problem
6/1/2016	Listing removed	$126,000$56/sqft
Source: MN DIRECT PROPERTIES #9925322 Report a problem
8/31/2015	Price change	$126,000-0.7%$56/sqft
Source: MN DIRECT PROPERTIES #9925322 Report a problem