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Allen County, IN · Sold

IN-135694

2284 County Road 157

$164,200
$5,309/ac · 30.93 ac
Acreage30.93 ac
Price per acre$5,309/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedApr 5, 2026
Coordinates41.0754, -85.1051
Loading terrain…
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

Allen County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Allen market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
1
Low risk
Wetlands1.7% of tract

Little to no mapped wetland coverage.

Average slope2.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

510 ft of deeded road frontage.

Power6 ft away

Power at or near the road.

Buildable area28.88 of 30.93 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$152,102
$117,163$187,041 · $4,918/ac on 30.93 ac
Asking vs estimate
+8.0%
Priced above the comp set

Weighted from 9 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 $164,200
Maximum allowable offer
$86,915
$2,810/ac · +30.0% target margin

You need $77,285 off asking to hit this margin.

All-in cost$94,303
Net resale$139,934
Projected profit$45,631
ROI+48.4%
Annualized+69.3%
Break-even resale$3,314/ac
Profit if resale lands off target
-20%
$17,644
-10%
$31,638
0%
$45,631
+10%
$59,624
+20%
$73,618
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-614845
Landlocked · Power at road
16.7Jul 27, 2026$49,5002,9603,4461.8 mi
80
IN-534085
Paved · Off grid
9.6Jul 27, 2026$83,4008,6526,4792.3 mi
72
IN-523589
Gravel · Power at road
6.7Jul 27, 2026$40,6006,0274,4183.7 mi
69
IN-385021
Dirt · Off grid
19.0Mar 15, 2025$62,1003,2683,8007.0 mi
69
IN-103748
Dirt · Off grid
7.5Jul 27, 2026$50,0006,6226,6887.2 mi
69
IN-354543
Dirt · Off grid
13.4Oct 15, 2024$60,7004,5135,1324.7 mi
64
IN-413933
Landlocked · Off grid
8.6Dec 29, 2025$25,5002,9553,9014.8 mi
63
IN-998048
Paved · Power at road
170.2Oct 31, 2025$758,9004,4594,9135.0 mi
61
IN-878022
Paved · Off grid
167.0Sep 5, 2025$736,3004,4085,7213.4 mi
59
Show adjustment detail for the top comp
  • Tract size (16.72 ac → 30.93 ac)-8.1%
  • Access (Landlocked → Dirt)+26.5%

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.