← New search
Hancock County, IL · Sold

IL-472891

5550 County Road 220

$51,000
$10,472/ac · 4.87 ac
Acreage4.87 ac
Price per acre$10,472/ac
ZoningRecreational
Road accessGravel
UtilitiesFull utilities
TopographyMixed
ListedMar 22, 2025
Coordinates40.4781, -91.2737
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

1 item to verify before you offer.

Risk index
14
Low risk
Wetlands3.0% of tract

Little to no mapped wetland coverage.

Average slope7.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area4.49 of 4.87 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$68,037
$54,191$81,884 · $13,971/ac on 4.87 ac
Asking vs estimate
-25.0%
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 $51,000
Maximum allowable offer
$38,879
$7,983/ac · +30.0% target margin

You need $12,121 off asking to hit this margin.

All-in cost$42,184
Net resale$62,594
Projected profit$20,411
ROI+48.4%
Annualized+69.2%
Break-even resale$9,415/ac
Profit if resale lands off target
-20%
$7,892
-10%
$14,151
0%
$20,411
+10%
$26,670
+20%
$32,930
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-512251
Landlocked · Off grid
3.1Jul 27, 2026$18,4006,01612,51210.6 mi
79
IL-622592
Gravel · Power at road
3.9Mar 30, 2024$38,1009,71712,9259.2 mi
73
IL-133495
Gravel · Off grid
7.5Aug 7, 2025$60,5008,01512,2866.8 mi
73
IL-501987
Landlocked · Full utilities
2.5Apr 2, 2026$34,00013,42619,6118.9 mi
72
IL-583716
Dirt · Off grid
8.9Aug 19, 2025$57,3006,46811,64111.7 mi
64
IL-683745
Dirt · Power at road
9.0Sep 22, 2024$96,50010,67016,94513.1 mi
59
IL-774260
Dirt · Off grid
13.1Feb 12, 2025$82,3006,27111,91211.2 mi
58
Show adjustment detail for the top comp
  • Tract size (3.06 ac → 4.87 ac)-1.7%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Off grid → Full utilities)+43.5%

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.