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Hancock County, IL · Sold

IL-824968

2972 County Road 234

$174,900
$7,972/ac · 21.94 ac
Acreage21.94 ac
Price per acre$7,972/ac
ZoningAgricultural
Road accessLandlocked
UtilitiesFull utilities
TopographySloped
ListedDec 24, 2025
Coordinates40.3747, -91.2522
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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

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

View Hancock market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
45
Moderate risk
Wetlands0.2% of tract

Little to no mapped wetland coverage.

Average slope24.3%

Steep ground — expect meaningful site work to build.

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 area13.14 of 21.94 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$183,928
$141,802$226,055 · $8,383/ac on 21.94 ac
Asking vs estimate
-4.9%
In line with 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 $174,900
Maximum allowable offer
$105,102
$4,790/ac · +30.0% target margin

You need $69,798 off asking to hit this margin.

All-in cost$114,036
Net resale$169,214
Projected profit$55,178
ROI+48.4%
Annualized+69.2%
Break-even resale$5,650/ac
Profit if resale lands off target
-20%
$21,336
-10%
$38,257
0%
$55,178
+10%
$72,100
+20%
$89,021
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-885050
Paved · Full utilities
23.3Jan 11, 2026$322,90013,8718,2599.0 mi
80
IL-464680
Dirt · Off grid
17.8Mar 18, 2025$123,8006,9578,1443.5 mi
73
IL-396401
Gravel · Power at road
61.9Jul 27, 2026$399,1006,4436,4316.7 mi
70
IL-435701
Gravel · Full utilities
37.3Aug 18, 2025$632,40016,95413,04810.1 mi
68
IL-706061
Dirt · Off grid
48.4Jan 20, 2026$290,4005,9987,9518.3 mi
67
IL-133495
Gravel · Off grid
7.5Aug 7, 2025$60,5008,0157,3550.6 mi
66
IL-774260
Dirt · Off grid
13.1Feb 12, 2025$82,3006,2717,1308.4 mi
65
IL-683745
Dirt · Power at road
9.0Sep 22, 2024$96,50010,67010,14310.3 mi
62
IL-583716
Dirt · Off grid
8.9Aug 19, 2025$57,3006,4686,96811.1 mi
61
Show adjustment detail for the top comp
  • Tract size (23.28 ac → 21.94 ac)+0.8%
  • Access (Paved → Landlocked)-42.4%
  • Market time (7 mo)+2.5%

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.