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Iroquois County, IL · Sold

IL-844445

8937 County Road 187

$66,800
$4,447/ac · 15.02 ac
Acreage15.02 ac
Price per acre$4,447/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedApr 21, 2024
Coordinates40.7134, -87.7294
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

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
33
Moderate risk
Wetlands9.6% of tract

Little to no mapped wetland coverage.

Average slope6.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power16 ft away

Power at or near the road.

Buildable area12.90 of 15.02 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$74,896
$62,530$87,263 · $4,986/ac on 15.02 ac
Asking vs estimate
-10.8%
Priced below the comp set

Weighted from 5 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 $66,800
Maximum allowable offer
$42,798
$2,849/ac · +30.0% target margin

You need $24,002 off asking to hit this margin.

All-in cost$46,436
Net resale$68,905
Projected profit$22,469
ROI+48.4%
Annualized+69.2%
Break-even resale$3,360/ac
Profit if resale lands off target
-20%
$8,688
-10%
$15,578
0%
$22,469
+10%
$29,359
+20%
$36,250
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-774635
Landlocked · Power at road
17.2Sep 8, 2025$91,4005,3075,6005.0 mi
85
IL-705062
Gravel · Off grid
23.5Jun 7, 2025$106,9004,5534,0423.4 mi
70
IL-505591
Dirt · Off grid
34.5Jun 29, 2026$129,5003,7603,9459.0 mi
70
IL-716411
Dirt · Full utilities
62.4Sep 5, 2025$419,4006,7235,7014.0 mi
61
IL-157204
Dirt · Power at road
110.8May 1, 2025$528,5004,7695,72610.6 mi
58
Show adjustment detail for the top comp
  • Tract size (17.23 ac → 15.02 ac)+1.5%
  • Market time (11 mo)+3.9%

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.