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Elkhart County, IN · Sold

IN-765483

2828 County Road 356

$231,500
$8,719/ac · 26.55 ac
Acreage26.55 ac
Price per acre$8,719/ac
ZoningRecreational
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedSep 16, 2024
Coordinates41.5345, -85.8404
Loading terrain…
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

4 items to verify before you offer.

Risk index
26
Low risk
Wetlands15.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

602 ft of deeded road frontage.

Power13,074 ft away

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

Buildable area21.41 of 26.55 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$212,415
$155,631$269,200 · $8,001/ac on 26.55 ac
Asking vs estimate
+9.0%
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 $231,500
Maximum allowable offer
$121,380
$4,572/ac · +30.0% target margin

You need $110,120 off asking to hit this margin.

All-in cost$131,697
Net resale$195,422
Projected profit$63,725
ROI+48.4%
Annualized+69.2%
Break-even resale$5,392/ac
Profit if resale lands off target
-20%
$24,640
-10%
$44,182
0%
$63,725
+10%
$83,267
+20%
$102,809
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-596098
Landlocked · Off grid
41.5Jul 27, 2026$142,6003,4405,4659.1 mi
78
IN-255222
Gravel · Power at road
22.0Dec 17, 2025$213,6009,7238,2687.7 mi
78
IN-764974
Gravel · Power at road
18.4May 6, 2026$118,5006,4565,2809.7 mi
78
IN-366806
Paved · Power at road
69.2Jul 27, 2026$681,9009,8518,5144.3 mi
72
IN-466849
Gravel · Off grid
71.4Jun 3, 2026$420,3005,8867,1569.9 mi
71
IN-137011
Dirt · Power at road
80.3Dec 2, 2025$498,0006,2017,8149.6 mi
66
IN-144640
Gravel · Power at road
14.4Apr 14, 2025$156,20010,8409,0089.9 mi
66
IN-646612
Dirt · Off grid
60.1Dec 7, 2024$498,9008,29511,9923.0 mi
65
IN-884187
Gravel · Power at road
10.4Oct 28, 2024$78,2007,5366,1866.0 mi
62
IN-544328
Gravel · Power at road
11.5Jul 25, 2024$157,40013,68711,4489.3 mi
61
Show adjustment detail for the top comp
  • Tract size (41.45 ac → 26.55 ac)+7.8%
  • Access (Landlocked → Gravel)+47.1%

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.