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Grant County, IN · Sold

IN-464464

1020 County Road 28

$110,800
$8,731/ac · 12.69 ac
Acreage12.69 ac
Price per acre$8,731/ac
ZoningUnzoned
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedMar 11, 2024
Coordinates40.4386, -85.6037
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

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
20
Low risk
Wetlands12.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.3%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

405 ft of deeded road frontage.

Power7,068 ft away

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

Buildable area10.57 of 12.69 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$128,909
$99,012$158,805 · $10,158/ac on 12.69 ac
Asking vs estimate
-14.0%
Priced below the comp set

Weighted from 7 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 $110,800
Maximum allowable offer
$73,662
$5,805/ac · +30.0% target margin

You need $37,138 off asking to hit this margin.

All-in cost$79,923
Net resale$118,596
Projected profit$38,673
ROI+48.4%
Annualized+69.3%
Break-even resale$6,846/ac
Profit if resale lands off target
-20%
$14,953
-10%
$26,813
0%
$38,673
+10%
$50,532
+20%
$62,392
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-494195
Landlocked · Full utilities
10.4Jul 19, 2025$101,3009,7038,7824.3 mi
79
IN-744522
Paved · Power at road
13.2Feb 11, 2026$173,90013,1428,34811.4 mi
77
IN-543124
Paved · Power at road
4.8Jul 27, 2026$71,80014,9198,6777.9 mi
75
IN-344652
Paved · Power at road
14.5Dec 7, 2024$305,40021,00714,1286.3 mi
72
IN-664756
Gravel · Power at road
15.7Mar 13, 2025$146,8009,3657,41510.1 mi
70
IN-472902
Dirt · Full utilities
4.1Dec 30, 2024$71,60017,51612,1321.3 mi
64
IN-593305
Dirt · Full utilities
5.5Jun 1, 2025$98,10017,90712,35510.4 mi
64
Show adjustment detail for the top comp
  • Tract size (10.44 ac → 12.69 ac)-1.7%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (13 mo)+4.5%

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.