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Grant County, IN · Sold

IN-117623

4183 County Road 397

$1,532,400
$12,249/ac · 125 ac
Acreage125 ac
Price per acre$12,249/ac
ZoningMixed Use
Road accessPaved
UtilitiesPower at road
TopographyRolling
ListedMar 18, 2025
Coordinates40.5231, -85.5741
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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

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

View Grant market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
11
Low risk
Wetlands10.1% of tract

Little to no mapped wetland coverage.

Average slope3.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,943 ft of deeded road frontage.

Power231 ft away

Power at or near the road.

Buildable area106.84 of 125.10 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,186,569
$1,091,643$1,281,494 · $9,485/ac on 125 ac
Asking vs estimate
+29.1%
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 $1,532,400
Maximum allowable offer
$678,039
$5,420/ac · +30.0% target margin

You need $854,361 off asking to hit this margin.

All-in cost$735,672
Net resale$1,091,643
Projected profit$355,971
ROI+48.4%
Annualized+69.2%
Break-even resale$6,392/ac
Profit if resale lands off target
-20%
$137,642
-10%
$246,807
0%
$355,971
+10%
$465,135
+20%
$574,300
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-527134
Paved · Power at road
87.8Jul 27, 2026$867,3009,8809,0672.2 mi
86
IN-587707
Dirt · Power at road
132.9Mar 12, 2025$931,8007,00810,3561.7 mi
84
IN-287311
Landlocked · Off grid
99.8Jul 27, 2026$438,2004,3918,4878.7 mi
79
IN-498426
Gravel · Off grid
223.8Jul 27, 2026$1,312,4005,8649,5511.7 mi
79
IN-546308
Gravel · Off grid
48.3Sep 11, 2025$416,9008,63810,0092.3 mi
71
Show adjustment detail for the top comp
  • Tract size (87.78 ac → 125.1 ac)-8.4%

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.