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Kankakee County, IL · Sold

IL-146319

738 County Road 198

$255,700
$4,381/ac · 58.37 ac
Acreage58.37 ac
Price per acre$4,381/ac
ZoningMixed Use
Road accessLandlocked
UtilitiesOff grid
TopographyMixed
ListedJul 15, 2025
Coordinates41.1308, -87.9489
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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
31
Moderate risk
Wetlands2.4% of tract

Little to no mapped wetland coverage.

Average slope2.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power6,046 ft away

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

Buildable area54.12 of 58.37 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$313,837
$253,630$374,044 · $5,377/ac on 58.37 ac
Asking vs estimate
-18.5%
Priced below the comp set

Weighted from 9 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 $255,700
Maximum allowable offer
$179,336
$3,072/ac · +30.0% target margin

You need $76,364 off asking to hit this margin.

All-in cost$194,580
Net resale$288,730
Projected profit$94,151
ROI+48.4%
Annualized+69.2%
Break-even resale$3,623/ac
Profit if resale lands off target
-20%
$36,405
-10%
$65,278
0%
$94,151
+10%
$123,024
+20%
$151,897
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-315894
Paved · Off grid
42.9Jul 27, 2026$406,4009,4735,1445.7 mi
86
IL-516243
Gravel · Power at road
55.2Apr 26, 2026$345,5006,2543,6198.4 mi
80
IL-616740
Gravel · Off grid
79.2Mar 10, 2026$481,5006,0814,5058.9 mi
76
IL-867220
Gravel · Full utilities
112.1Mar 3, 2026$1,215,40010,8416,0933.7 mi
73
IL-607432
Dirt · Full utilities
130.7May 20, 2026$1,259,2009,6336,49110.9 mi
72
IL-755826
Dirt · Power at road
40.8Oct 26, 2025$403,0009,8676,3877.2 mi
72
IL-725442
Dirt · Power at road
30.9Mar 19, 2025$258,7008,3665,2872.9 mi
67
IL-605653
Paved · Full utilities
36.0Oct 17, 2024$413,10011,4664,5166.4 mi
65
IL-714760
Gravel · Power at road
18.9May 16, 2024$248,70013,1796,8986.7 mi
56
Show adjustment detail for the top comp
  • Tract size (42.9 ac → 58.37 ac)-6.0%
  • Access (Paved → Landlocked)-42.4%

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.