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Grant County, IN · Sold

IN-140388

7797 County Road 198

$9,200
$13,939/ac · 0.66 ac
Acreage0.66 ac
Price per acre$13,939/ac
ZoningRecreational
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedOct 19, 2025
Coordinates40.4849, -85.5669
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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

3 items to verify before you offer.

Risk index
16
Low risk
Wetlands14.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

184 ft of deeded road frontage.

Power40 ft away

Power at or near the road.

Buildable area0.54 of 0.66 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$7,767
$6,284$9,250 · $11,768/ac on 0.66 ac
Asking vs estimate
+18.4%
Priced above 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 $9,200
Maximum allowable offer
$4,438
$6,725/ac · +30.0% target margin

You need $4,762 off asking to hit this margin.

All-in cost$4,815
Net resale$7,146
Projected profit$2,331
ROI+48.4%
Annualized+69.3%
Break-even resale$7,930/ac
Profit if resale lands off target
-20%
$901
-10%
$1,616
0%
$2,331
+10%
$3,045
+20%
$3,760
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-230369
Dirt · Power at road
0.7Jul 27, 2026$6,0009,3049,3246.8 mi
89
IN-990685
Dirt · Power at road
0.8May 28, 2025$8,30010,16210,6993.5 mi
79
IN-871337
Dirt · Power at road
1.3Jul 13, 2025$12,7009,63410,14410.4 mi
72
IN-970970
Dirt · Full utilities
1.0May 31, 2024$14,40014,23712,7997.6 mi
67
IN-321574
Paved · Off grid
1.6Aug 25, 2024$22,30014,32213,4217.3 mi
59
IN-741927
Dirt · Full utilities
2.0Jul 17, 2024$36,00017,82916,1138.2 mi
58
Show adjustment detail for the top comp

    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.