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Elkhart County, IN · Sold

IN-301554

6491 County Road 46

$18,100
$11,753/ac · 1.54 ac
Acreage1.54 ac
Price per acre$11,753/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesFull utilities
TopographySloped
ListedJan 24, 2025
Coordinates41.6312, -85.8969
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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
37
Moderate risk
Wetlands1.4% of tract

Little to no mapped wetland coverage.

Average slope16.2%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area1.21 of 1.54 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$12,195
$9,964$14,426 · $7,919/ac on 1.54 ac
Asking vs estimate
+48.4%
Priced above the comp set

Weighted from 5 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 $18,100
Maximum allowable offer
$6,969
$4,525/ac · +30.0% target margin

You need $11,131 off asking to hit this margin.

All-in cost$7,561
Net resale$11,219
Projected profit$3,658
ROI+48.4%
Annualized+69.2%
Break-even resale$5,337/ac
Profit if resale lands off target
-20%
$1,414
-10%
$2,536
0%
$3,658
+10%
$4,780
+20%
$5,902
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-181290
Dirt · Off grid
1.3Sep 23, 2025$10,9008,58310,0795.8 mi
75
IN-943280
Dirt · Off grid
5.4Jul 27, 2026$28,4005,2866,2385.3 mi
69
IN-420374
Gravel · Power at road
0.7Jul 6, 2025$5,2007,9226,8164.9 mi
65
IN-953293
Dirt · Off grid
5.4Feb 18, 2025$38,1007,0168,7817.0 mi
57
IN-523663
Paved · Power at road
7.1Feb 10, 2025$67,6009,5187,4964.9 mi
56
Show adjustment detail for the top comp
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (11 mo)+3.8%

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.