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Allen County, IN · Sold

IN-779220

8640 County Road 4

$816,500
$2,052/ac · 398 ac
Acreage398 ac
Price per acre$2,052/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedSep 7, 2025
Coordinates41.0947, -85.1098
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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

3 items to verify before you offer.

Risk index
31
Moderate risk
Wetlands1.6% of tract

Little to no mapped wetland coverage.

Average slope25.6%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,904 ft of deeded road frontage.

Power10,092 ft away

A long utility run — price in solar/off-grid instead.

Buildable area234.88 of 397.83 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,131,501
$1,040,981$1,222,021 · $2,844/ac on 398 ac
Asking vs estimate
-27.8%
Priced below the comp set

Weighted from 4 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 $816,500
Maximum allowable offer
$646,572
$1,625/ac · +30.0% target margin

You need $169,928 off asking to hit this margin.

All-in cost$701,531
Net resale$1,040,981
Projected profit$339,450
ROI+48.4%
Annualized+69.2%
Break-even resale$1,917/ac
Profit if resale lands off target
-20%
$131,254
-10%
$235,352
0%
$339,450
+10%
$443,548
+20%
$547,646
Comparable sales4 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-928633
Gravel · Power at road
260.0Jul 11, 2026$937,0003,6032,7165.8 mi
85
IN-578083
Gravel · Full utilities
174.6Jul 27, 2026$955,0005,4703,0173.7 mi
82
IN-878022
Paved · Off grid
167.0Sep 5, 2025$736,3004,4083,0304.8 mi
68
IN-998048
Paved · Power at road
170.2Oct 31, 2025$758,9004,4592,6036.3 mi
66
Show adjustment detail for the top comp
  • Tract size (260.03 ac → 397.83 ac)-11.7%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (1 mo)+0.4%

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.