Henry County, IL · Sold

IL-635624

397 County Road 60

$470,900

$13,348/ac · 35.28 ac

Offer report Market this tract

Acreage35.28 ac

Price per acre$13,348/ac

ZoningAgricultural

Road accessPaved

UtilitiesFull utilities

TopographySloped

ListedMay 11, 2026

Coordinates41.3056, -90.0200

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County GIS boundary

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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

Low risk

Wetlands5.2% of tract

Little to no mapped wetland coverage.

Average slope22.9%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,449 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area20.07 of 35.28 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$554,923

$483,662 – $626,185 · $15,729/ac on 35.28 ac

Asking vs estimate

-15.1%

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 $470,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$317,099

$8,988/ac · +30.0% target margin

You need $153,801 off asking to hit this margin.

All-in cost$344,052

Net resale$510,529

Projected profit$166,477

ROI+48.4%

Annualized+69.2%

Break-even resale$10,600/ac

Profit if resale lands off target

-20%

$64,371

-10%

$115,424

$166,477

+10%

$217,530

+20%

$268,583

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IL-875879 Gravel · Off grid	42.4	Jul 27, 2026	$317,800	7,489	13,143	7.1 mi	86
IL-425693 Dirt · Power at road	37.1	Jul 27, 2026	$299,200	8,067	13,652	8.8 mi	83
IL-756433 Dirt · Full utilities	63.4	Aug 23, 2024	$694,600	10,956	18,260	1.0 mi	73
IL-496427 Gravel · Off grid	63.1	Mar 6, 2026	$613,900	9,726	18,800	7.2 mi	71
IL-316529 Gravel · Off grid	68.0	Jul 18, 2025	$547,400	8,054	16,236	8.6 mi	70
IL-556244 Dirt · Power at road	55.3	Apr 17, 2025	$405,900	7,343	14,138	12.2 mi	69
IL-716908 Landlocked · Power at road	89.4	Nov 19, 2025	$564,400	6,311	16,713	10.3 mi	67
IL-277058 Gravel · Full utilities	99.7	Jan 12, 2026	$891,900	8,946	13,475	9.5 mi	65
IL-816279 Landlocked · Off grid	56.7	Mar 16, 2024	$305,400	5,386	16,181	8.1 mi	62
IL-654701 Dirt · Off grid	18.1	Oct 4, 2024	$165,400	9,146	17,611	7.5 mi	62

Show adjustment detail for the top comp

Tract size (42.44 ac → 35.28 ac)+3.4%
Access (Gravel → Paved)+18.0%
Utilities (Off grid → Full utilities)+43.5%

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.

Build the listing kit Post a deal or JV