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!
Active
$299,000
40576 County Road 242, Cohasset, MN 55721
2beds
2,262sqft
Est.:
Single Family Residence
Built in 1960
20.2 Acres Lot
$188,800 Zestimate®
$132/sqft
$-- HOA
What's special
- 1 day
- on Zillow |
- 357 |
- 17 |
Zillow last checked: 7 hours ago
Listing updated: August 14, 2025 at 03:04am
Listed by:
Erin Bowers 218-259-8123,
GRAND PROPERTIES REAL ESTATE,
Brandon Saloka 763-442-1992
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6763625

Travel times
Tour with a buyer's agent
Tour with a buyer's 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: $132/sqft
- Tax assessed value: $137,500
- Annual tax amount: $1,233
- Date on market: 8/13/2025
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