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Knox County, IN · Sold

IN-538927

8897 County Road 346

$1,639,500
$5,096/ac · 322 ac
Acreage322 ac
Price per acre$5,096/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyRolling
ListedSep 20, 2025
Coordinates38.6388, -87.4793
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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, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Knox market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
5
Low risk
Wetlands3.2% of tract

Little to no mapped wetland coverage.

Average slope5.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

3,662 ft of deeded road frontage.

Power1,202 ft away

Service extension needed; get a utility quote.

Buildable area295.88 of 321.75 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,446,176
$1,139,084$1,753,267 · $4,495/ac on 322 ac
Asking vs estimate
+13.4%
Priced above the comp set

Weighted from 5 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 $1,639,500
Maximum allowable offer
$826,386
$2,568/ac · +30.0% target margin

You need $813,114 off asking to hit this margin.

All-in cost$896,629
Net resale$1,330,482
Projected profit$433,853
ROI+48.4%
Annualized+69.2%
Break-even resale$3,029/ac
Profit if resale lands off target
-20%
$167,757
-10%
$300,805
0%
$433,853
+10%
$566,901
+20%
$699,949
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-418036
Dirt · Off grid
168.7Jul 5, 2026$754,7004,4735,1379.0 mi
74
IN-619016
Dirt · Off grid
343.2Oct 26, 2024$1,315,6003,8345,7678.6 mi
73
IN-408227
Landlocked · Power at road
193.8May 1, 2026$595,6003,0743,9718.1 mi
73
IN-629699
Dirt · Off grid
562.9May 7, 2025$987,0001,7532,9968.1 mi
67
IN-416122
Gravel · Off grid
42.2Feb 5, 2026$259,6006,1564,4727.1 mi
64
Show adjustment detail for the top comp
  • Tract size (168.73 ac → 321.75 ac)-16.7%
  • Access (Dirt → Paved)+37.2%
  • Market time (1 mo)+0.5%

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.