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Elkhart County, IN · Sold

IN-628176

8829 County Road 356

$889,200
$4,762/ac · 187 ac
Acreage187 ac
Price per acre$4,762/ac
ZoningUnzoned
Road accessPaved
UtilitiesPower at road
TopographyFlat
ListedMar 18, 2024
Coordinates41.5908, -85.8719
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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

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

View Elkhart market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
27
Low risk
Wetlands26.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.3%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

1,211 ft of deeded road frontage.

Power76 ft away

Power at or near the road.

Buildable area129.68 of 186.74 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,180,496
$1,018,037$1,342,955 · $6,322/ac on 187 ac
Asking vs estimate
-24.7%
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 $889,200
Maximum allowable offer
$674,569
$3,612/ac · +30.0% target margin

You need $214,631 off asking to hit this margin.

All-in cost$731,907
Net resale$1,086,056
Projected profit$354,149
ROI+48.4%
Annualized+69.2%
Break-even resale$4,260/ac
Profit if resale lands off target
-20%
$136,937
-10%
$245,543
0%
$354,149
+10%
$462,754
+20%
$571,360
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-108284
Dirt · Full utilities
201.9Jul 27, 2026$900,0004,4575,1341.8 mi
87
IN-478258
Landlocked · Power at road
198.2Nov 9, 2025$513,3002,5904,7173.9 mi
81
IN-577749
Paved · Power at road
137.1Jan 2, 2026$923,2006,7366,3584.8 mi
80
IN-658439
Landlocked · Off grid
225.9Mar 18, 2026$737,3003,2637,1483.5 mi
80
IN-366806
Paved · Power at road
69.2Jul 27, 2026$681,9009,8517,6895.2 mi
76
IN-309396
Paved · Off grid
451.9Dec 10, 2025$1,869,1004,1366,4634.7 mi
75
IN-466849
Gravel · Off grid
71.4Jun 3, 2026$420,3005,8866,4626.0 mi
74
IN-268438
Landlocked · Off grid
225.8Jul 18, 2024$595,0002,6366,1697.1 mi
69
IN-137011
Dirt · Power at road
80.3Dec 2, 2025$498,0006,2017,0575.8 mi
69
IN-996657
Paved · Power at road
62.1Jul 5, 2024$475,6007,6546,3383.7 mi
63
Show adjustment detail for the top comp
  • Tract size (201.94 ac → 186.74 ac)+2.2%
  • Access (Dirt → Paved)+37.2%
  • Utilities (Full utilities → Power at road)-18.0%

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.