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Knox County, IL · Sold

IL-971403

7223 County Road 397

$10,400
$6,265/ac · 1.66 ac
Acreage1.66 ac
Price per acre$6,265/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedMay 23, 2025
Coordinates40.9874, -90.2913
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

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

View Knox market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
52
Moderate risk
Wetlands3.4% of tract

Little to no mapped wetland coverage.

Average slope21.8%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power9,700 ft away

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

Buildable area0.96 of 1.66 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$10,441
$8,685$12,198 · $6,290/ac on 1.66 ac
Asking vs estimate
-0.4%
In line with the comp set

Weighted from 7 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 $10,400
Maximum allowable offer
$5,967
$3,594/ac · +30.0% target margin

You need $4,433 off asking to hit this margin.

All-in cost$6,474
Net resale$9,606
Projected profit$3,132
ROI+48.4%
Annualized+69.2%
Break-even resale$4,239/ac
Profit if resale lands off target
-20%
$1,211
-10%
$2,171
0%
$3,132
+10%
$4,093
+20%
$5,053
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-111589
Landlocked · Full utilities
1.9Jun 1, 2026$17,8009,3556,5907.5 mi
83
IL-932800
Gravel · Off grid
4.6Jul 27, 2026$39,8008,7316,1192.4 mi
75
IL-762215
Landlocked · Full utilities
3.0Sep 17, 2025$20,2006,7644,9583.7 mi
73
IL-690799
Gravel · Power at road
1.1Mar 28, 2025$8,1007,6154,6292.4 mi
70
IL-972682
Gravel · Off grid
4.2May 24, 2026$43,90010,4807,3748.2 mi
70
IL-452676
Landlocked · Full utilities
4.2Apr 4, 2026$38,4009,2156,6807.9 mi
70
IL-870146
Landlocked · Off grid
0.7Sep 28, 2025$5,1007,5477,7479.0 mi
67
Show adjustment detail for the top comp
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (2 mo)+0.9%

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.