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Hancock County, IL · Sold

IL-269295

8042 County Road 218

$1,662,900
$3,299/ac · 504 ac
Acreage504 ac
Price per acre$3,299/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesOff grid
TopographyRolling
ListedMay 9, 2024
Coordinates40.3790, -91.2488
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

5 items to verify before you offer.

Risk index
48
Moderate risk
Wetlands14.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.0%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power6,662 ft away

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

Buildable area409.89 of 504.05 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,441,376
$1,275,983$1,606,769 · $2,860/ac on 504 ac
Asking vs estimate
+15.4%
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 $1,662,900
Maximum allowable offer
$823,643
$1,634/ac · +30.0% target margin

You need $839,257 off asking to hit this margin.

All-in cost$893,653
Net resale$1,326,066
Projected profit$432,413
ROI+48.4%
Annualized+69.2%
Break-even resale$1,927/ac
Profit if resale lands off target
-20%
$167,200
-10%
$299,807
0%
$432,413
+10%
$565,020
+20%
$697,626
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-549004
Gravel · Off grid
408.3Jul 27, 2026$1,751,4004,2902,7445.7 mi
84
IL-349873
Gravel · Off grid
766.2Jul 27, 2026$2,986,8003,8983,0197.1 mi
84
IL-299691
Dirt · Power at road
671.5Jul 27, 2026$2,660,9003,9622,9129.5 mi
78
IL-619138
Gravel · Off grid
449.9Aug 21, 2024$2,276,4005,0603,6027.7 mi
77
IL-489273
Gravel · Power at road
496.1Jul 20, 2024$2,399,2004,8363,0249.4 mi
71
IL-229877
Gravel · Off grid
768.4May 1, 2025$2,425,4003,1562,5748.1 mi
69
IL-297965
Landlocked · Full utilities
192.3Aug 9, 2025$936,2004,8682,6724.2 mi
68
IL-257856
Gravel · Full utilities
177.7Feb 13, 2026$1,270,8007,1502,5574.9 mi
67
IL-847858
Dirt · Power at road
178.0Nov 3, 2023$793,5004,4582,4754.0 mi
62
Show adjustment detail for the top comp
  • Tract size (408.25 ac → 504.05 ac)-6.1%
  • Access (Gravel → Landlocked)-32.0%

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.