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Iroquois County, IL · Sold

IL-157204

5994 County Road 353

$513,600
$4,635/ac · 111 ac
Acreage111 ac
Price per acre$4,635/ac
ZoningUnzoned
Road accessDirt
UtilitiesPower at road
TopographyMixed
ListedNov 29, 2024
Coordinates40.8349, -87.8535
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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

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

View Iroquois market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
17
Low risk
Wetlands6.6% of tract

Little to no mapped wetland coverage.

Average slope7.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power101 ft away

Power at or near the road.

Buildable area98.33 of 110.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$527,271
$395,330$659,212 · $4,758/ac on 111 ac
Asking vs estimate
-2.6%
In line with the comp set

Weighted from 8 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 $513,600
Maximum allowable offer
$301,298
$2,719/ac · +30.0% target margin

You need $212,302 off asking to hit this margin.

All-in cost$326,908
Net resale$485,089
Projected profit$158,181
ROI+48.4%
Annualized+69.2%
Break-even resale$3,206/ac
Profit if resale lands off target
-20%
$61,163
-10%
$109,672
0%
$158,181
+10%
$206,690
+20%
$255,199
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-716411
Dirt · Full utilities
62.4Sep 5, 2025$419,4006,7235,00610.8 mi
69
IL-859473
Dirt · Power at road
573.4Jul 27, 2026$1,051,3001,8332,9277.8 mi
68
IL-505591
Dirt · Off grid
34.5Jun 29, 2026$129,5003,7603,46411.3 mi
68
IL-177858
Gravel · Off grid
178.0Sep 20, 2024$803,1004,5125,5855.0 mi
66
IL-858738
Dirt · Power at road
336.7May 9, 2024$1,411,7004,1936,2384.9 mi
62
IL-528986
Dirt · Power at road
403.0Feb 8, 2025$1,533,8003,8065,8009.2 mi
60
IL-159389
Dirt · Off grid
539.6Jun 10, 2025$1,575,6002,9205,6395.1 mi
60
IL-705062
Gravel · Off grid
23.5Jun 7, 2025$106,9004,5533,54810.3 mi
54
Show adjustment detail for the top comp
  • Tract size (62.39 ac → 110.82 ac)-12.6%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (11 mo)+4.0%

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.