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Boone County, IN · Sold

IN-235928

209 County Road 120

$407,600
$11,124/ac · 36.64 ac
Acreage36.64 ac
Price per acre$11,124/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedNov 5, 2025
Coordinates40.0381, -86.4226
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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

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

View Boone market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
28
Low risk
Wetlands19.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

998 ft of deeded road frontage.

Power9,644 ft away

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

Buildable area27.92 of 36.64 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$318,210
$260,581$375,839 · $8,685/ac on 36.64 ac
Asking vs estimate
+28.1%
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 $407,600
Maximum allowable offer
$181,834
$4,963/ac · +30.0% target margin

You need $225,766 off asking to hit this margin.

All-in cost$197,290
Net resale$292,753
Projected profit$95,463
ROI+48.4%
Annualized+69.2%
Break-even resale$5,853/ac
Profit if resale lands off target
-20%
$36,912
-10%
$66,188
0%
$95,463
+10%
$124,738
+20%
$154,014
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-455949
Landlocked · Off grid
37.2Jul 27, 2026$255,3006,86010,1397.0 mi
91
IN-995656
Gravel · Full utilities
30.1Jul 27, 2026$441,90014,6859,9207.9 mi
83
IN-805101
Gravel · Power at road
20.1Jul 27, 2026$186,3009,2537,1965.9 mi
78
IN-366514
Gravel · Off grid
56.0Jul 29, 2025$488,2008,7149,8724.6 mi
75
IN-575862
Dirt · Power at road
34.9Nov 4, 2024$241,2006,9067,2756.8 mi
73
IN-734213
Dirt · Power at road
10.6Jul 11, 2026$106,90010,1068,5575.1 mi
73
IN-336868
Landlocked · Power at road
72.4Aug 17, 2025$275,4003,8035,6836.0 mi
67
IN-527479
Landlocked · Off grid
112.7May 30, 2024$595,4005,28210,8336.3 mi
58
IN-557612
Gravel · Power at road
124.1Feb 19, 2024$839,2006,7628,3026.2 mi
57
Show adjustment detail for the top comp
  • Access (Landlocked → Gravel)+47.1%

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.