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Grant County, IN · Sold

IN-546308

3012 County Road 12

$401,600
$8,322/ac · 48.26 ac
Acreage48.26 ac
Price per acre$8,322/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographySloped
ListedNov 6, 2024
Coordinates40.5548, -85.5864
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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

4 items to verify before you offer.

Risk index
32
Moderate risk
Wetlands6.0% of tract

Little to no mapped wetland coverage.

Average slope19.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power4,366 ft away

Service extension needed; get a utility quote.

Buildable area36.29 of 48.26 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$446,877
$346,377$547,377 · $9,260/ac on 48.26 ac
Asking vs estimate
-10.1%
Priced below the comp set

Weighted from 6 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 $401,600
Maximum allowable offer
$255,358
$5,291/ac · +30.0% target margin

You need $146,242 off asking to hit this margin.

All-in cost$277,063
Net resale$411,127
Projected profit$134,064
ROI+48.4%
Annualized+69.3%
Break-even resale$6,240/ac
Profit if resale lands off target
-20%
$51,838
-10%
$92,951
0%
$134,064
+10%
$175,176
+20%
$216,289
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-527134
Paved · Power at road
87.8Jul 27, 2026$867,3009,8808,1294.4 mi
76
IN-287311
Landlocked · Off grid
99.8Jul 27, 2026$438,2004,3917,6099.7 mi
73
IN-117623
Paved · Power at road
125.1Sep 10, 2025$1,428,20011,41610,6362.3 mi
71
IN-587707
Dirt · Power at road
132.9Mar 12, 2025$931,8007,0089,2850.8 mi
69
IN-664756
Gravel · Power at road
15.7Mar 13, 2025$146,8009,3657,1022.7 mi
64
IN-344652
Paved · Power at road
14.5Dec 7, 2024$305,40021,00713,5315.6 mi
58
Show adjustment detail for the top comp
  • Tract size (87.78 ac → 48.26 ac)+14.0%
  • Access (Paved → Gravel)-15.3%
  • 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.