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Henry County, IL · Sold

IL-816279

2488 County Road 359

$287,000
$5,062/ac · 56.70 ac
Acreage56.70 ac
Price per acre$5,062/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedDec 12, 2023
Coordinates41.4193, -90.0549
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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

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

View Henry market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
37
Moderate risk
Wetlands6.1% of tract

Little to no mapped wetland coverage.

Average slope0.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power9,336 ft away

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

Buildable area50.58 of 56.70 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$323,461
$280,815$366,106 · $5,705/ac on 56.70 ac
Asking vs estimate
-11.3%
Priced below the comp set

Weighted from 10 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 $287,000
Maximum allowable offer
$184,835
$3,260/ac · +30.0% target margin

You need $102,165 off asking to hit this margin.

All-in cost$200,546
Net resale$297,584
Projected profit$97,038
ROI+48.4%
Annualized+69.2%
Break-even resale$3,845/ac
Profit if resale lands off target
-20%
$37,521
-10%
$67,279
0%
$97,038
+10%
$126,796
+20%
$156,554
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-875879
Gravel · Off grid
42.4Jul 27, 2026$317,8007,4894,8193.2 mi
84
IL-425693
Dirt · Power at road
37.1Jul 27, 2026$299,2008,0675,0069.1 mi
81
IL-496427
Gravel · Off grid
63.1Mar 6, 2026$613,9009,7266,8938.9 mi
80
IL-635624
Paved · Full utilities
35.3Jul 27, 2026$498,70014,1355,1948.1 mi
76
IL-556244
Dirt · Power at road
55.3Apr 17, 2025$405,9007,3435,1847.6 mi
75
IL-316529
Gravel · Off grid
68.0Jul 18, 2025$547,4008,0545,9538.2 mi
74
IL-716908
Landlocked · Power at road
89.4Nov 19, 2025$564,4006,3116,1286.3 mi
74
IL-277058
Gravel · Full utilities
99.7Jan 12, 2026$891,9008,9464,9418.6 mi
74
IL-756433
Dirt · Full utilities
63.4Aug 23, 2024$694,60010,9566,6957.2 mi
70
IL-656826
Dirt · Full utilities
84.3Apr 13, 2024$823,7009,7746,4605.1 mi
66
Show adjustment detail for the top comp
  • Tract size (42.44 ac → 56.7 ac)-5.6%
  • 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.