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Iroquois County, IL · Sold

IL-780809

3234 County Road 164

$5,200
$4,815/ac · 1.08 ac
Acreage1.08 ac
Price per acre$4,815/ac
ZoningAgricultural
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedDec 15, 2025
Coordinates40.7461, -87.8137
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

4 items to verify before you offer.

Risk index
21
Low risk
Wetlands15.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

175 ft of deeded road frontage.

Power4,296 ft away

Service extension needed; get a utility quote.

Buildable area0.86 of 1.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$6,781
$5,322$8,241 · $6,279/ac on 1.08 ac
Asking vs estimate
-23.3%
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 $5,200
Maximum allowable offer
$3,875
$3,588/ac · +30.0% target margin

You need $1,325 off asking to hit this margin.

All-in cost$4,204
Net resale$6,239
Projected profit$2,034
ROI+48.4%
Annualized+69.3%
Break-even resale$4,231/ac
Profit if resale lands off target
-20%
$787
-10%
$1,411
0%
$2,034
+10%
$2,658
+20%
$3,282
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-859473
Dirt · Power at road
573.4Jul 27, 2026$1,051,3001,8334,0351.3 mi
62
IL-505591
Dirt · Off grid
34.5Jun 29, 2026$129,5003,7604,7756.5 mi
62
IL-159389
Dirt · Off grid
539.6Jun 10, 2025$1,575,6002,9207,7732.9 mi
58
IL-774635
Landlocked · Power at road
17.2Sep 8, 2025$91,4005,3076,7780.2 mi
57
IL-716411
Dirt · Full utilities
62.4Sep 5, 2025$419,4006,7236,9004.3 mi
54
IL-705062
Gravel · Off grid
23.5Jun 7, 2025$106,9004,5534,8923.8 mi
54
IL-157204
Dirt · Power at road
110.8May 1, 2025$528,5004,7696,9306.5 mi
50
IL-844445
Landlocked · Power at road
15.0Oct 1, 2024$66,9004,4565,8185.0 mi
49
IL-528986
Dirt · Power at road
403.0Feb 8, 2025$1,533,8003,8067,9957.1 mi
48
IL-177858
Gravel · Off grid
178.0Sep 20, 2024$803,1004,5127,6997.4 mi
46
Show adjustment detail for the top comp
  • Tract size (573.43 ac → 1.08 ac)+158.3%
  • Utilities (Power at road → Off grid)-15.0%

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.