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Kankakee County, IL · Sold

IL-329333

8492 County Road 214

$1,393,100
$2,689/ac · 518 ac
Acreage518 ac
Price per acre$2,689/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedJun 12, 2024
Coordinates41.1945, -87.8780
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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

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

View Kankakee market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
36
Moderate risk
Wetlands5.3% of tract

Little to no mapped wetland coverage.

Average slope0.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power12,038 ft away

A long utility run — price in solar/off-grid instead.

Buildable area466.13 of 518.12 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,738,379
$1,446,155$2,030,603 · $3,355/ac on 518 ac
Asking vs estimate
-19.9%
Priced below the comp set

Weighted from 6 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 $1,393,100
Maximum allowable offer
$993,359
$1,917/ac · +30.0% target margin

You need $399,741 off asking to hit this margin.

All-in cost$1,077,795
Net resale$1,599,309
Projected profit$521,514
ROI+48.4%
Annualized+69.2%
Break-even resale$2,261/ac
Profit if resale lands off target
-20%
$201,652
-10%
$361,583
0%
$521,514
+10%
$681,445
+20%
$841,376
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-639127
Dirt · Full utilities
446.3Dec 18, 2025$2,672,2005,9873,2413.9 mi
83
IL-858936
Landlocked · Off grid
388.6Jul 26, 2024$1,240,0003,1913,1801.9 mi
75
IL-479020
Dirt · Off grid
413.0Aug 29, 2025$2,309,6005,5924,2988.3 mi
74
IL-688938
Dirt · Power at road
389.2May 14, 2025$1,443,5003,7092,4086.3 mi
71
IL-607432
Dirt · Full utilities
130.7May 20, 2026$1,259,2009,6333,62010.8 mi
67
IL-867220
Gravel · Full utilities
112.1Mar 3, 2026$1,215,40010,8413,3983.6 mi
64
Show adjustment detail for the top comp
  • Tract size (446.3 ac → 518.12 ac)-4.4%
  • Access (Dirt → Landlocked)-20.9%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (8 mo)+2.8%

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.