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Henry County, IL · Sold

IL-556244

7874 County Road 299

$433,700
$7,846/ac · 55.28 ac
Acreage55.28 ac
Price per acre$7,846/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedNov 17, 2024
Coordinates41.4188, -90.2015
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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

4 items to verify before you offer.

Risk index
23
Low risk
Wetlands14.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power238 ft away

Power at or near the road.

Buildable area45.11 of 55.28 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$478,310
$417,883$538,736 · $8,652/ac on 55.28 ac
Asking vs estimate
-9.3%
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 $433,700
Maximum allowable offer
$273,320
$4,944/ac · +30.0% target margin

You need $160,380 off asking to hit this margin.

All-in cost$296,552
Net resale$440,045
Projected profit$143,493
ROI+48.4%
Annualized+69.2%
Break-even resale$5,831/ac
Profit if resale lands off target
-20%
$55,484
-10%
$99,488
0%
$143,493
+10%
$187,497
+20%
$231,502
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-875879
Gravel · Off grid
42.4Jul 27, 2026$317,8007,4897,2085.6 mi
85
IL-425693
Dirt · Power at road
37.1Jul 27, 2026$299,2008,0677,4876.0 mi
83
IL-716908
Landlocked · Power at road
89.4Nov 19, 2025$564,4006,3119,1661.9 mi
80
IL-316529
Gravel · Off grid
68.0Jul 18, 2025$547,4008,0548,9045.3 mi
78
IL-635624
Paved · Full utilities
35.3Jul 27, 2026$498,70014,1357,76912.2 mi
78
IL-496427
Gravel · Off grid
63.1Mar 6, 2026$613,9009,72610,3107.4 mi
78
IL-756433
Dirt · Full utilities
63.4Aug 23, 2024$694,60010,95610,01411.3 mi
75
IL-277058
Gravel · Full utilities
99.7Jan 12, 2026$891,9008,9467,3904.7 mi
72
IL-816279
Landlocked · Off grid
56.7Mar 16, 2024$305,4005,3868,8747.6 mi
71
IL-656826
Dirt · Full utilities
84.3Apr 13, 2024$823,7009,7749,6632.5 mi
70
Show adjustment detail for the top comp
  • Tract size (42.44 ac → 55.28 ac)-5.1%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Off grid → Power at road)+17.6%

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.