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Dubois County, IN · Sold

IN-172741

2294 County Road 387

$39,400
$10,824/ac · 3.64 ac
Acreage3.64 ac
Price per acre$10,824/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedMar 20, 2024
Coordinates38.3939, -86.8947
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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

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

View Dubois market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
27
Low risk
Wetlands16.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

204 ft of deeded road frontage.

Power8,706 ft away

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

Buildable area2.90 of 3.64 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$31,954
$25,155$38,752 · $8,778/ac on 3.64 ac
Asking vs estimate
+23.3%
Priced above 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 $39,400
Maximum allowable offer
$18,259
$5,016/ac · +30.0% target margin

You need $21,141 off asking to hit this margin.

All-in cost$19,811
Net resale$29,397
Projected profit$9,586
ROI+48.4%
Annualized+69.3%
Break-even resale$5,916/ac
Profit if resale lands off target
-20%
$3,707
-10%
$6,647
0%
$9,586
+10%
$12,526
+20%
$15,466
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-561842
Dirt · Full utilities
1.9Jul 25, 2026$23,10012,1678,3542.4 mi
84
IN-911311
Dirt · Off grid
1.3Jul 27, 2026$13,40010,41910,2023.1 mi
81
IN-171873
Dirt · Power at road
1.9Jul 27, 2026$20,20010,4268,7367.9 mi
81
IN-464422
Dirt · Off grid
12.3Jul 27, 2026$145,80011,84812,7781.9 mi
76
IN-232600
Gravel · Full utilities
3.3Oct 9, 2024$48,00014,5849,3863.6 mi
73
IN-531088
Dirt · Off grid
1.1Jun 23, 2026$9,3008,4328,2734.4 mi
73
IN-704417
Gravel · Full utilities
12.3Jan 14, 2026$114,1009,3076,1460.9 mi
72
IN-113279
Gravel · Off grid
5.4Jul 1, 2024$53,5009,9419,4643.4 mi
70
IN-494272
Gravel · Off grid
11.0Nov 18, 2025$69,0006,2455,9026.8 mi
65
IN-421164
Dirt · Power at road
1.2Feb 9, 2025$10,2008,8267,7864.3 mi
63
Show adjustment detail for the top comp
  • Tract size (1.9 ac → 3.64 ac)-1.7%
  • Utilities (Full utilities → Off grid)-30.3%

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.