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Hancock County, IL · Sold

IL-489273

2851 County Road 313

$2,767,300
$5,578/ac · 496 ac
Acreage496 ac
Price per acre$5,578/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedApr 10, 2024
Coordinates40.4309, -91.0830
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

Hancock County, Illinois. Class A row-crop ground; farmland yields anchor pricing.

View Hancock market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
24
Low risk
Wetlands17.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power147 ft away

Power at or near the road.

Buildable area391.16 of 496.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,461,327
$2,181,877$2,740,777 · $4,962/ac on 496 ac
Asking vs estimate
+12.4%
Priced above the comp set

Weighted from 9 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 $2,767,300
Maximum allowable offer
$1,406,473
$2,835/ac · +30.0% target margin

You need $1,360,827 off asking to hit this margin.

All-in cost$1,526,023
Net resale$2,264,421
Projected profit$738,398
ROI+48.4%
Annualized+69.2%
Break-even resale$3,344/ac
Profit if resale lands off target
-20%
$285,513
-10%
$511,956
0%
$738,398
+10%
$964,840
+20%
$1,191,282
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-549004
Gravel · Off grid
408.3Jul 27, 2026$1,751,4004,2904,7716.6 mi
85
IL-349873
Gravel · Off grid
766.2Jul 27, 2026$2,986,8003,8985,2483.0 mi
82
IL-299691
Dirt · Power at road
671.5Jul 27, 2026$2,660,9003,9625,0636.8 mi
81
IL-619138
Gravel · Off grid
449.9Aug 21, 2024$2,276,4005,0606,2632.2 mi
77
IL-229877
Gravel · Off grid
768.4May 1, 2025$2,425,4003,1564,4744.9 mi
76
IL-269295
Landlocked · Off grid
504.1Apr 7, 2025$1,411,8002,8015,1479.4 mi
74
IL-257856
Gravel · Full utilities
177.7Feb 13, 2026$1,270,8007,1504,4456.3 mi
68
IL-297965
Landlocked · Full utilities
192.3Aug 9, 2025$936,2004,8684,6458.4 mi
62
IL-847858
Dirt · Power at road
178.0Nov 3, 2023$793,5004,4584,3039.1 mi
56
Show adjustment detail for the top comp
  • Tract size (408.25 ac → 496.08 ac)-5.7%
  • Utilities (Off grid → Power at road)+17.6%

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.