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Iroquois County, IL · Sold

IL-528986

3714 County Road 368

$1,800,200
$4,467/ac · 403 ac
Acreage403 ac
Price per acre$4,467/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedApr 1, 2024
Coordinates40.7209, -87.9442
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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

3 items to verify before you offer.

Risk index
25
Low risk
Wetlands23.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.6%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

2,869 ft of deeded road frontage.

Power66 ft away

Power at or near the road.

Buildable area291.32 of 402.96 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,406,441
$1,062,865$1,750,017 · $3,490/ac on 403 ac
Asking vs estimate
+28.0%
Priced above 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 $1,800,200
Maximum allowable offer
$803,681
$1,994/ac · +30.0% target margin

You need $996,519 off asking to hit this margin.

All-in cost$871,994
Net resale$1,293,926
Projected profit$421,932
ROI+48.4%
Annualized+69.2%
Break-even resale$2,352/ac
Profit if resale lands off target
-20%
$163,147
-10%
$292,540
0%
$421,932
+10%
$551,325
+20%
$680,717
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-859473
Dirt · Power at road
573.4Jul 27, 2026$1,051,3001,8332,0437.2 mi
83
IL-858738
Dirt · Power at road
336.7May 9, 2024$1,411,7004,1934,3557.4 mi
73
IL-159389
Dirt · Off grid
539.6Jun 10, 2025$1,575,6002,9203,9379.3 mi
72
IL-157204
Dirt · Power at road
110.8May 1, 2025$528,5004,7693,5109.2 mi
61
IL-177858
Gravel · Off grid
178.0Sep 20, 2024$803,1004,5123,89912.9 mi
57
Show adjustment detail for the top comp
  • Tract size (573.43 ac → 402.96 ac)+11.2%

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.