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Grant County, IN · Sold

IN-494195

8475 County Road 132

$104,000
$9,962/ac · 10.44 ac
Acreage10.44 ac
Price per acre$9,962/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesFull utilities
TopographySloped
ListedFeb 18, 2025
Coordinates40.4590, -85.6813
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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

2 items to verify before you offer.

Risk index
36
Moderate risk
Wetlands6.0% of tract

Little to no mapped wetland coverage.

Average slope11.2%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

PowerOn site

Power at or near the road.

Buildable area9.32 of 10.44 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$123,878
$96,096$151,660 · $11,866/ac on 10.44 ac
Asking vs estimate
-16.0%
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 $104,000
Maximum allowable offer
$70,787
$6,780/ac · +30.0% target margin

You need $33,213 off asking to hit this margin.

All-in cost$76,804
Net resale$113,968
Projected profit$37,164
ROI+48.4%
Annualized+69.3%
Break-even resale$7,996/ac
Profit if resale lands off target
-20%
$14,370
-10%
$25,767
0%
$37,164
+10%
$48,560
+20%
$59,957
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-543124
Paved · Power at road
4.8Jul 27, 2026$71,80014,91910,0195.7 mi
78
IN-744522
Paved · Power at road
13.2Feb 11, 2026$173,90013,1429,6407.8 mi
76
IN-464464
Dirt · Off grid
12.7Jun 17, 2024$109,2008,60910,8444.3 mi
75
IN-344652
Paved · Power at road
14.5Dec 7, 2024$305,40021,00716,3133.6 mi
70
IN-593305
Dirt · Full utilities
5.5Jun 1, 2025$98,10017,90714,2666.7 mi
67
IN-664756
Gravel · Power at road
15.7Mar 13, 2025$146,8009,3658,5629.2 mi
66
IN-472902
Dirt · Full utilities
4.1Dec 30, 2024$71,60017,51614,0085.4 mi
63
Show adjustment detail for the top comp
  • Tract size (4.81 ac → 10.44 ac)-4.7%
  • Access (Paved → Landlocked)-42.4%
  • Utilities (Power at road → Full utilities)+22.0%

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.