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Allen County, IN · Sold

IN-928633

5037 County Road 216

$890,700
$3,425/ac · 260 ac
Acreage260 ac
Price per acre$3,425/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedAug 9, 2025
Coordinates41.0114, -85.0957
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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

1 item to verify before you offer.

Risk index
13
Low risk
Wetlands4.0% of tract

Little to no mapped wetland coverage.

Average slope5.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power234 ft away

Power at or near the road.

Buildable area237.15 of 260.03 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$920,177
$774,616$1,065,739 · $3,539/ac on 260 ac
Asking vs estimate
-3.2%
In line with the comp set

Weighted from 5 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 $890,700
Maximum allowable offer
$525,816
$2,022/ac · +30.0% target margin

You need $364,884 off asking to hit this margin.

All-in cost$570,510
Net resale$846,563
Projected profit$276,053
ROI+48.4%
Annualized+69.2%
Break-even resale$2,385/ac
Profit if resale lands off target
-20%
$106,740
-10%
$191,396
0%
$276,053
+10%
$360,709
+20%
$445,365
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-779220
Gravel · Off grid
397.8Jul 21, 2026$765,1001,9232,5705.8 mi
85
IN-578083
Gravel · Full utilities
174.6Jul 27, 2026$955,0005,4704,0198.9 mi
84
IN-998048
Paved · Power at road
170.2Oct 31, 2025$758,9004,4593,4671.4 mi
77
IN-878022
Paved · Off grid
167.0Sep 5, 2025$736,3004,4084,0371.4 mi
73
IN-135694
Dirt · Power at road
30.9May 10, 2026$160,9005,2033,7134.4 mi
63
Show adjustment detail for the top comp
  • Tract size (397.83 ac → 260.03 ac)+13.2%
  • Utilities (Off grid → Power at road)+17.6%

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.