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Knox County, IL · Sold

IL-969358

1304 County Road 118

$3,647,200
$6,913/ac · 528 ac
Acreage528 ac
Price per acre$6,913/ac
ZoningAgricultural
Road accessGravel
UtilitiesFull utilities
TopographySloped
ListedMay 20, 2024
Coordinates40.9099, -90.2918
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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

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

View Knox market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
23
Low risk
Wetlands0.3% of tract

Little to no mapped wetland coverage.

Average slope27.1%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,297 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area315.60 of 527.59 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,136,960
$2,647,532$3,626,389 · $5,946/ac on 528 ac
Asking vs estimate
+16.3%
Priced above 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 $3,647,200
Maximum allowable offer
$1,792,549
$3,398/ac · +30.0% target margin

You need $1,854,651 off asking to hit this margin.

All-in cost$1,944,916
Net resale$2,886,004
Projected profit$941,088
ROI+48.4%
Annualized+69.2%
Break-even resale$4,007/ac
Profit if resale lands off target
-20%
$363,887
-10%
$652,488
0%
$941,088
+10%
$1,229,688
+20%
$1,518,289
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-449609
Landlocked · Full utilities
632.8May 19, 2026$1,899,6003,0024,7136.6 mi
86
IL-869530
Gravel · Power at road
597.6Jul 27, 2026$3,038,6005,0856,45711.1 mi
83
IL-769617
Dirt · Power at road
636.5Jul 8, 2025$2,472,9003,8856,1062.7 mi
76
IL-568642
Dirt · Off grid
314.1Jul 27, 2026$1,113,5003,5455,0818.5 mi
75
IL-867923
Gravel · Off grid
186.6Mar 18, 2025$1,254,4006,7247,5531.5 mi
66
IL-408126
Dirt · Power at road
216.1Aug 27, 2024$1,118,4005,1756,1186.5 mi
59
Show adjustment detail for the top comp
  • Tract size (632.8 ac → 527.59 ac)+5.7%
  • Access (Landlocked → Gravel)+47.1%
  • Market time (3 mo)+1.0%

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.