Elkhart County, IN · Sold

IN-544328

7246 County Road 227

$161,100

$14,009/ac · 11.50 ac

Offer report Market this tract

Acreage11.50 ac

Price per acre$14,009/ac

ZoningMixed Use

Road accessGravel

UtilitiesPower at road

TopographySloped

ListedSep 3, 2023

Coordinates41.6646, -85.7941

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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

2 items to verify before you offer.

Risk index

Low risk

Wetlands4.0% of tract

Little to no mapped wetland coverage.

Average slope26.7%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

289 ft of deeded road frontage.

Power70 ft away

Power at or near the road.

Buildable area6.62 of 11.50 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$104,929

$83,801 – $126,057 · $9,124/ac on 11.50 ac

Asking vs estimate

+53.5%

Priced above the comp set

Weighted from 8 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 $161,100

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$59,960

$5,214/ac · +30.0% target margin

You need $101,140 off asking to hit this margin.

All-in cost$65,057

Net resale$96,535

Projected profit$31,478

ROI+48.4%

Annualized+69.2%

Break-even resale$6,149/ac

Profit if resale lands off target

-20%

$12,171

-10%

$21,825

$31,478

+10%

$41,132

+20%

$50,785

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-764974 Gravel · Power at road	18.4	May 6, 2026	$118,500	6,456	6,859	0.9 mi	83
IN-144640 Gravel · Power at road	14.4	Apr 14, 2025	$156,200	10,840	11,700	1.2 mi	80
IN-884187 Gravel · Power at road	10.4	Oct 28, 2024	$78,200	7,536	8,035	3.4 mi	78
IN-255222 Gravel · Power at road	22.0	Dec 17, 2025	$213,600	9,723	10,739	9.4 mi	72
IN-943280 Dirt · Off grid	5.4	Jul 27, 2026	$28,400	5,286	6,887	8.7 mi	72
IN-523663 Paved · Power at road	7.1	Feb 10, 2025	$67,600	9,518	8,276	8.9 mi	67
IN-953293 Dirt · Off grid	5.4	Feb 18, 2025	$38,100	7,016	9,694	4.4 mi	64
IN-765483 Gravel · Off grid	26.6	Nov 22, 2024	$214,800	8,092	11,274	9.3 mi	62

Show adjustment detail for the top comp

Tract size (18.36 ac → 11.5 ac)+5.0%
Market time (3 mo)+1.2%

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.

Build the listing kit Post a deal or JV