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Henry County, IL · Sold

IL-533715

2823 County Road 399

$112,700
$12,734/ac · 8.85 ac
Acreage8.85 ac
Price per acre$12,734/ac
ZoningAgricultural
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedFeb 2, 2024
Coordinates41.3594, -90.1443
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

3 items to verify before you offer.

Risk index
24
Low risk
Wetlands11.8% of tract

Little to no mapped wetland coverage.

Average slope7.4%

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.

PowerOn site

Power at or near the road.

Buildable area7.42 of 8.85 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$114,702
$87,956$141,447 · $12,961/ac on 8.85 ac
Asking vs estimate
-1.7%
In line with 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 $112,700
Maximum allowable offer
$65,544
$7,406/ac · +30.0% target margin

You need $47,156 off asking to hit this margin.

All-in cost$71,115
Net resale$105,526
Projected profit$34,410
ROI+48.4%
Annualized+69.2%
Break-even resale$8,734/ac
Profit if resale lands off target
-20%
$13,305
-10%
$23,858
0%
$34,410
+10%
$44,963
+20%
$55,516
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-243688
Dirt · Off grid
8.7Jun 28, 2025$69,5008,00412,0175.7 mi
84
IL-542683
Paved · Power at road
4.2Jul 27, 2026$44,70010,6689,1251.9 mi
81
IL-342633
Dirt · Full utilities
4.0Oct 26, 2025$43,20010,68610,5891.8 mi
74
IL-893977
Gravel · Power at road
10.7Aug 26, 2024$165,50015,46817,8372.0 mi
73
IL-532487
Landlocked · Full utilities
3.6Sep 8, 2025$46,40012,73515,9862.5 mi
69
IL-654701
Dirt · Off grid
18.1Oct 4, 2024$165,4009,14615,1551.1 mi
68
IL-952908
Dirt · Off grid
4.9May 28, 2024$34,8007,06610,7153.8 mi
67
Show adjustment detail for the top comp
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (14 mo)+4.8%

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.