← New search
Hancock County, IL · Sold

IL-464680

7294 County Road 316

$132,300
$7,433/ac · 17.80 ac
Acreage17.80 ac
Price per acre$7,433/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographyFlat
ListedAug 7, 2024
Coordinates40.4232, -91.2344
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

3 items to verify before you offer.

Risk index
13
Low risk
Wetlands11.6% of tract

Little to no mapped wetland coverage.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

696 ft of deeded road frontage.

Power866 ft away

Service extension needed; get a utility quote.

Buildable area14.95 of 17.80 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$131,031
$99,180$162,883 · $7,361/ac on 17.80 ac
Asking vs estimate
+1.0%
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 $132,300
Maximum allowable offer
$74,875
$4,206/ac · +30.0% target margin

You need $57,425 off asking to hit this margin.

All-in cost$81,239
Net resale$120,549
Projected profit$39,309
ROI+48.4%
Annualized+69.2%
Break-even resale$4,961/ac
Profit if resale lands off target
-20%
$15,200
-10%
$27,255
0%
$39,309
+10%
$51,364
+20%
$63,419
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-824968
Landlocked · Full utilities
21.9Jul 27, 2026$145,0006,6095,9933.5 mi
83
IL-396401
Gravel · Power at road
61.9Jul 27, 2026$399,1006,4435,8193.6 mi
75
IL-885050
Paved · Full utilities
23.3Jan 11, 2026$322,90013,8717,4748.0 mi
74
IL-706061
Dirt · Off grid
48.4Jan 20, 2026$290,4005,9987,1957.7 mi
74
IL-774260
Dirt · Off grid
13.1Feb 12, 2025$82,3006,2716,4527.7 mi
73
IL-133495
Gravel · Off grid
7.5Aug 7, 2025$60,5008,0156,6552.9 mi
73
IL-435701
Gravel · Full utilities
37.3Aug 18, 2025$632,40016,95411,8078.3 mi
70
IL-583716
Dirt · Off grid
8.9Aug 19, 2025$57,3006,4686,3059.3 mi
69
IL-683745
Dirt · Power at road
9.0Sep 22, 2024$96,50010,6709,1789.7 mi
63
Show adjustment detail for the top comp
  • Tract size (21.94 ac → 17.8 ac)+2.7%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Full utilities → Off grid)-30.3%

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.