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Grant County, IN · Sold

IN-287311

5489 County Road 218

$434,300
$4,352/ac · 99.79 ac
Acreage99.79 ac
Price per acre$4,352/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedJul 20, 2026
Coordinates40.4486, -85.7084
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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

5 items to verify before you offer.

Risk index
47
Moderate risk
Wetlands17.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power6,494 ft away

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

Buildable area77.83 of 99.79 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$524,710
$474,649$574,771 · $5,258/ac on 99.79 ac
Asking vs estimate
-17.2%
Priced below 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 $434,300
Maximum allowable offer
$299,834
$3,005/ac · +30.0% target margin

You need $134,466 off asking to hit this margin.

All-in cost$325,320
Net resale$482,733
Projected profit$157,413
ROI+48.4%
Annualized+69.2%
Break-even resale$3,544/ac
Profit if resale lands off target
-20%
$60,866
-10%
$109,140
0%
$157,413
+10%
$205,686
+20%
$253,960
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-527134
Paved · Power at road
87.8Jul 27, 2026$867,3009,8804,7028.4 mi
81
IN-498426
Gravel · Off grid
223.8Jul 27, 2026$1,312,4005,8644,9538.0 mi
73
IN-117623
Paved · Power at road
125.1Sep 10, 2025$1,428,20011,4166,1518.7 mi
72
IN-587707
Dirt · Power at road
132.9Mar 12, 2025$931,8007,0085,3709.9 mi
68
IN-546308
Gravel · Off grid
48.3Sep 11, 2025$416,9008,6385,1909.7 mi
66
Show adjustment detail for the top comp
  • Tract size (87.78 ac → 99.79 ac)-3.1%
  • Access (Paved → Landlocked)-42.4%
  • Utilities (Power at road → Off grid)-15.0%

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.