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Lake County, IN · Sold

IN-671992

3617 County Road 228

$18,800
$8,868/ac · 2.12 ac
Acreage2.12 ac
Price per acre$8,868/ac
ZoningMixed Use
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedDec 28, 2024
Coordinates41.4115, -87.4612
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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

Lake County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Lake market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
14
Low risk
Wetlands14.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope2.5%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

108 ft of deeded road frontage.

Power77 ft away

Power at or near the road.

Buildable area1.73 of 2.12 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$23,153
$18,669$27,637 · $10,921/ac on 2.12 ac
Asking vs estimate
-18.8%
Priced below 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 $18,800
Maximum allowable offer
$13,230
$6,241/ac · +30.0% target margin

You need $5,570 off asking to hit this margin.

All-in cost$14,355
Net resale$21,301
Projected profit$6,946
ROI+48.4%
Annualized+69.3%
Break-even resale$7,360/ac
Profit if resale lands off target
-20%
$2,686
-10%
$4,816
0%
$6,946
+10%
$9,076
+20%
$11,206
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-502957
Landlocked · Power at road
4.3Jan 26, 2026$21,7005,0929,2296.0 mi
76
IN-981909
Landlocked · Power at road
2.0Jan 30, 2024$11,4005,72110,97510.2 mi
75
IN-790101
Paved · Power at road
0.5Jun 1, 2026$4,3007,9727,9135.3 mi
71
IN-264246
Paved · Power at road
10.8Jun 30, 2026$121,70011,24112,2029.2 mi
67
IN-481291
Dirt · Full utilities
1.3Feb 23, 2025$12,0009,48711,23410.0 mi
65
IN-970422
Landlocked · Power at road
0.7Aug 25, 2025$5,6008,27614,73211.3 mi
60
Show adjustment detail for the top comp
  • Tract size (4.26 ac → 2.12 ac)+2.1%
  • Access (Landlocked → Paved)+73.5%
  • Market time (7 mo)+2.3%

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.