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Kankakee County, IL · Sold

IL-725442

1852 County Road 231

$266,400
$8,616/ac · 30.92 ac
Acreage30.92 ac
Price per acre$8,616/ac
ZoningResidential
Road accessDirt
UtilitiesPower at road
TopographySloped
ListedOct 20, 2024
Coordinates41.1451, -87.8971
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

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
18
Low risk
Wetlands2.4% of tract

Little to no mapped wetland coverage.

Average slope19.8%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,248 ft of deeded road frontage.

Power224 ft away

Power at or near the road.

Buildable area24.14 of 30.92 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$263,024
$211,185$314,863 · $8,507/ac on 30.92 ac
Asking vs estimate
+1.3%
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 $266,400
Maximum allowable offer
$150,300
$4,861/ac · +30.0% target margin

You need $116,100 off asking to hit this margin.

All-in cost$163,076
Net resale$241,982
Projected profit$78,907
ROI+48.4%
Annualized+69.2%
Break-even resale$5,733/ac
Profit if resale lands off target
-20%
$30,510
-10%
$54,709
0%
$78,907
+10%
$103,105
+20%
$127,303
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-315894
Paved · Off grid
42.9Jul 27, 2026$406,4009,4738,6223.9 mi
81
IL-755826
Dirt · Power at road
40.8Oct 26, 2025$403,0009,86710,7046.0 mi
78
IL-146319
Landlocked · Off grid
58.4Jun 12, 2026$271,0004,6447,8402.9 mi
76
IL-516243
Gravel · Power at road
55.2Apr 26, 2026$345,5006,2546,0655.8 mi
75
IL-484249
Gravel · Full utilities
13.0Jul 27, 2026$165,30012,6898,0212.5 mi
74
IL-714760
Gravel · Power at road
18.9May 16, 2024$248,70013,17911,5604.0 mi
72
IL-605653
Paved · Full utilities
36.0Oct 17, 2024$413,10011,4667,5686.2 mi
71
IL-616740
Gravel · Off grid
79.2Mar 10, 2026$481,5006,0817,5506.0 mi
67
Show adjustment detail for the top comp
  • Tract size (42.9 ac → 30.92 ac)+5.9%
  • Access (Paved → Dirt)-27.1%
  • Utilities (Off grid → Power at road)+17.6%

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.