40576 County Road 242
Description
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!
- Listed by GRAND PROPERTIES REAL ESTATE
Property Details for 40576 County Road 242
Property Details for 40576 County Road 242
| Status | Active |
|---|---|
| MLS # | 6763625 |
| Days on Compass | 132 |
| Taxes | $1,233 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Single Family |
| MLS Type | Residential / Single Family Residence |
| Year Built | 1960 |
| Lot Size | 20.20 AC / 879,912 SF |
| County | Itasca County |
Location
Building Information for 40576 County Road 242
Payment Calculator
$1,289 per month
30 year fixed, 6.28% Interest
$1,186
$103
$0
Property Information for 40576 County Road 242
- City Name: Cohasset
- County Or Parish: Itasca
- County: Itasca-MN
- Directions: About 7 miles down CR 63 from Grand Rapids, take a left onto CR 242. 1 mile down CR 242, just past the Rice Lake boat landing. House on the R. Keep left on driveway to house.
- Latitude: 47.2119953967
- Longitude: -93.7197822869
- Map Coordinate: 999-A1
- Map Coordinate Source: King's Street Atlas
- City and Location: Cohasset
- City and Location Text: Cohasset(MN)
- Postal Code: 55721
- State Or Province: MN
- Public Survey Township: 55
- Additional Parcels: No
- Association Fee: $.00
- Association: No
- Parcel Number: 690253301
- Tax Annual Amount: $1,233.00
- Tax Legal Description: Township 55N Range 27W Section 25 - S 662' OF SW SW
- Tax Other Annual Assessment Amount: $81.00
- Tax Year: 2025
- Tax With Assessments: 1314.0000
- High School District: 318 - Grand Rapids
- School District Number: 318
- School District Phone: 218-327-5704
- Above Grade Fin SQFT: 0.0
- Below Grade Fin SQFT: 0.0
- SQFT Total: 0.0
- Lot Size Area: 20.2
- Lot Size Dimensions: 1326 x 664
- Lot Size Square Feet: 879912.0
- Lot Size Units: Acres
- Present Use: Yearly
- Property Attached: No
- Property Sub Type: Single Family Residence
- Property Type: Residential
- SQFT Main Total: 1092.0000
- Building Area Total: 2262.0
- Above Grade SqFt Total: 1092.0000
- Below Grade SqFt Total: 1170.0000
- Age Of Property: 65
- Electric: 200+ Amp Service
- Fire Number: 40576
- Sewer: Tank with Drainage Field
- Water Source: Well
- Accessibility Features: No Stairs External
- Foundation Area: 1092.0
- Fuel: Electric
- Basement Type: Unfinished
- Bath Desc: Main Floor Full Bath
- Bathrooms Full: 0
- Bathrooms Half: 0
- Bathrooms One Quarter: 0
- Bathrooms Three Quarter: 2
- Bathrooms Total Count: 2
- Bedrooms Total: 2
- Fireplaces Total: 0
- FireplaceYN: No
- Cooling: None
- Dining Room Description: Kitchen/Dining Room
- DP Resource: Y
- Garage Dimensions: 26 x 18
- Garage Square Feet: 468
- Heating: Baseboard
- Levels: One
- Room Type: Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bathroom
- Room List: Dining Room, Kitchen, Bedroom 1, Bedroom 2, Bathroom
- Basement YN: Yes
- Room Dimensions: 13 x 7
- Room Level: Main
- Room Type: Dining Room
- Room Dimensions: 9 x 9
- Room Level: Main
- Room Type: Kitchen
- Room Dimensions: 13 x 10
- Room Level: Main
- Room Type: Bedroom 1
- Room Dimensions: 9 x 10
- Room Level: Main
- Room Type: Bedroom 2
- Room Dimensions: 7 x 7
- Room Level: Main
- Room Type: Bathroom
Property History for 40576 County Road 242
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Oct 23, 2025 | Price Change NorthStar #6763625 | $240,000 | — |
| Sep 24, 2025 | Price Change NorthStar #6763625 | $270,000 | — |
| Aug 13, 2025 | Price Change NorthStar #6763625 | $299,000 | — |
| Aug 13, 2025 | Listed (Active) NorthStar #6763625 | — | |
| Jun 12, 2016 | Off Market NorthStar #5309408 | — | |
| Aug 11, 2014 | Listed (Active) NorthStar #5309408 | $131,900 | — |
| Date | Event & Source | Price |
|---|---|---|
| 10/23/2025 | Price Change NorthStar #6763625 | $240,000 |
| 09/24/2025 | Price Change NorthStar #6763625 | $270,000 |
| 08/13/2025 | Price Change NorthStar #6763625 | $299,000 |
| 08/13/2025 | Listed (Active) NorthStar #6763625 | — |
| 06/12/2016 | Off Market NorthStar #5309408 | — |
| 08/11/2014 | Listed (Active) NorthStar #5309408 | $131,900 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 40576 County Road 242
Schools near 40576 County Road 242
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | K to 5 |
Rating | School | Distance |
|---|---|---|
Cohasset Elementary School PublicK to 5 | ||
Robert J. Elkington Middle School Public6 to 8 | ||
Grand Rapids Senior High School Public9 to 12 | ||
West Rapids Elementary PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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Listing Courtesy of GRAND PROPERTIES REAL ESTATE
Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/19/2025 06:46 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.
