← New search
Henry County, IL · Sold

IL-968491

8187 County Road 399

$1,462,600
$5,195/ac · 282 ac
Acreage282 ac
Price per acre$5,195/ac
ZoningRecreational
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedJul 25, 2024
Coordinates41.3170, -90.0735
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

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

View Henry market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
47
Moderate risk
Wetlands19.4% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope9.0%

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.

Power170 ft away

Power at or near the road.

Buildable area215.57 of 281.53 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,278,255
$988,911$1,567,600 · $4,540/ac on 282 ac
Asking vs estimate
+14.4%
Priced above 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 $1,462,600
Maximum allowable offer
$730,432
$2,595/ac · +30.0% target margin

You need $732,168 off asking to hit this margin.

All-in cost$792,519
Net resale$1,175,995
Projected profit$383,476
ROI+48.4%
Annualized+69.2%
Break-even resale$3,060/ac
Profit if resale lands off target
-20%
$148,277
-10%
$265,877
0%
$383,476
+10%
$501,076
+20%
$618,675
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-598157
Gravel · Full utilities
221.0Mar 7, 2025$2,456,90011,1166,1322.4 mi
78
IL-139336
Dirt · Off grid
519.3Jan 19, 2026$1,344,2002,5892,9576.7 mi
74
IL-609924
Dirt · Full utilities
795.0Jul 27, 2026$3,452,8004,3433,8530.9 mi
73
IL-716908
Landlocked · Power at road
89.4Nov 19, 2025$564,4006,3114,7887.8 mi
67
IL-277058
Gravel · Full utilities
99.7Jan 12, 2026$891,9008,9463,8606.6 mi
65
IL-909611
Dirt · Off grid
633.7Jan 3, 2025$2,640,7004,1675,2737.1 mi
61
IL-656826
Dirt · Full utilities
84.3Apr 13, 2024$823,7009,7745,0488.6 mi
54
Show adjustment detail for the top comp
  • Tract size (221.03 ac → 281.53 ac)-6.7%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (17 mo)+6.1%

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.