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Christian County, IL · Sold

IL-999249

5840 County Road 292

$1,917,800
$3,934/ac · 488 ac
Acreage488 ac
Price per acre$3,934/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesPower at road
TopographyRolling
ListedJan 1, 2024
Coordinates39.5230, -89.2160
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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

Christian County, Illinois. Class A row-crop ground; farmland yields anchor pricing.

View Christian market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
33
Moderate risk
Wetlands4.3% of tract

Little to no mapped wetland coverage.

Average slope9.3%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power2 ft away

Power at or near the road.

Buildable area443.24 of 487.53 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,080,813
$1,655,885$2,505,741 · $4,268/ac on 488 ac
Asking vs estimate
-7.8%
Priced below the comp set

Weighted from 10 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 $1,917,800
Maximum allowable offer
$1,189,036
$2,439/ac · +30.0% target margin

You need $728,764 off asking to hit this margin.

All-in cost$1,290,104
Net resale$1,914,348
Projected profit$624,244
ROI+48.4%
Annualized+69.2%
Break-even resale$2,876/ac
Profit if resale lands off target
-20%
$241,374
-10%
$432,809
0%
$624,244
+10%
$815,679
+20%
$1,007,113
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-939218
Dirt · Full utilities
476.7Aug 21, 2025$3,633,3007,6225,1095.7 mi
82
IL-209312
Dirt · Off grid
510.3Jun 18, 2025$2,455,7004,8124,7603.6 mi
78
IL-359631
Gravel · Full utilities
643.0Apr 15, 2026$2,565,0003,9892,4537.7 mi
76
IL-399942
Gravel · Off grid
805.4Jul 27, 2026$4,378,9005,4375,0818.3 mi
75
IL-418202
Landlocked · Power at road
228.3Jun 27, 2026$1,283,5005,6214,5269.3 mi
75
IL-898828
Paved · Power at road
359.4Nov 15, 2024$2,312,1006,4343,6347.5 mi
70
IL-429580
Gravel · Off grid
619.6May 9, 2024$3,174,3005,1234,8284.0 mi
69
IL-259901
Paved · Power at road
781.9May 25, 2025$3,399,6004,3483,0439.8 mi
68
IL-637658
Dirt · Power at road
154.0Sep 2, 2024$1,146,2007,4444,5743.9 mi
65
IL-369708
Gravel · Off grid
679.9Nov 23, 2023$3,158,4004,6464,58410.5 mi
63
Show adjustment detail for the top comp
  • Tract size (476.71 ac → 487.53 ac)-0.7%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (12 mo)+4.1%

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.