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Henry County, IL · Sold

IL-893977

8845 County Road 29

$168,200
$15,720/ac · 10.70 ac
Acreage10.70 ac
Price per acre$15,720/ac
ZoningMixed Use
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedMay 3, 2024
Coordinates41.3365, -90.1207
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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

1 item to verify before you offer.

Risk index
14
Low risk
Wetlands5.6% of tract

Little to no mapped wetland coverage.

Average slope5.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power52 ft away

Power at or near the road.

Buildable area9.60 of 10.70 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$121,416
$101,166$141,666 · $11,347/ac on 10.70 ac
Asking vs estimate
+38.5%
Priced above 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 $168,200
Maximum allowable offer
$69,380
$6,484/ac · +30.0% target margin

You need $98,820 off asking to hit this margin.

All-in cost$75,277
Net resale$111,703
Projected profit$36,425
ROI+48.4%
Annualized+69.3%
Break-even resale$7,647/ac
Profit if resale lands off target
-20%
$14,085
-10%
$25,255
0%
$36,425
+10%
$47,596
+20%
$58,766
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-542683
Paved · Power at road
4.2Jul 27, 2026$44,70010,6688,5690.7 mi
77
IL-425693
Dirt · Power at road
37.1Jul 27, 2026$299,2008,06711,0313.4 mi
76
IL-533715
Dirt · Full utilities
8.8Oct 25, 2024$97,30010,99011,1032.0 mi
74
IL-243688
Dirt · Off grid
8.7Jun 28, 2025$69,5008,00411,2855.4 mi
73
IL-635624
Paved · Full utilities
35.3Jul 27, 2026$498,70014,13511,4475.6 mi
69
IL-654701
Dirt · Off grid
18.1Oct 4, 2024$165,4009,14614,2311.9 mi
67
IL-342633
Dirt · Full utilities
4.0Oct 26, 2025$43,20010,6869,9432.4 mi
67
IL-532487
Landlocked · Full utilities
3.6Sep 8, 2025$46,40012,73515,0114.2 mi
64
IL-952908
Dirt · Off grid
4.9May 28, 2024$34,8007,06610,0621.9 mi
63
Show adjustment detail for the top comp
  • Tract size (4.19 ac → 10.7 ac)-5.4%
  • Access (Paved → Gravel)-15.3%

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.