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Kankakee County, IL · Sold

IL-516243

902 County Road 373

$387,300
$7,011/ac · 55.24 ac
Acreage55.24 ac
Price per acre$7,011/ac
ZoningRecreational
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedMay 5, 2025
Coordinates41.1298, -87.7880
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

3 items to verify before you offer.

Risk index
19
Low risk
Wetlands16.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,090 ft of deeded road frontage.

Power128 ft away

Power at or near the road.

Buildable area43.92 of 55.24 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$534,032
$450,794$617,269 · $9,667/ac on 55.24 ac
Asking vs estimate
-27.5%
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 $387,300
Maximum allowable offer
$305,161
$5,524/ac · +30.0% target margin

You need $82,139 off asking to hit this margin.

All-in cost$331,100
Net resale$491,309
Projected profit$160,210
ROI+48.4%
Annualized+69.2%
Break-even resale$6,515/ac
Profit if resale lands off target
-20%
$61,948
-10%
$111,079
0%
$160,210
+10%
$209,341
+20%
$258,471
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-146319
Landlocked · Off grid
58.4Jun 12, 2026$271,0004,6448,1878.4 mi
82
IL-616740
Gravel · Off grid
79.2Mar 10, 2026$481,5006,0817,8852.2 mi
81
IL-315894
Paved · Off grid
42.9Jul 27, 2026$406,4009,4739,0047.4 mi
80
IL-755826
Dirt · Power at road
40.8Oct 26, 2025$403,0009,86711,1784.5 mi
76
IL-867220
Gravel · Full utilities
112.1Mar 3, 2026$1,215,40010,84110,6644.8 mi
73
IL-607432
Dirt · Full utilities
130.7May 20, 2026$1,259,2009,63311,3604.5 mi
71
IL-725442
Dirt · Power at road
30.9Mar 19, 2025$258,7008,3669,2545.8 mi
68
IL-605653
Paved · Full utilities
36.0Oct 17, 2024$413,10011,4667,90410.9 mi
63
IL-714760
Gravel · Power at road
18.9May 16, 2024$248,70013,17912,0734.9 mi
62
Show adjustment detail for the top comp
  • Tract size (58.37 ac → 55.24 ac)+1.2%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (2 mo)+0.7%

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.