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Lake County, IN · Sold

IN-449258

3357 County Road 373

$1,702,200
$4,162/ac · 409 ac
Acreage409 ac
Price per acre$4,162/ac
ZoningMixed Use
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedNov 28, 2023
Coordinates41.5481, -87.3333
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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
21
Low risk
Wetlands18.2% 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

3,996 ft of deeded road frontage.

Power123 ft away

Power at or near the road.

Buildable area317.79 of 408.94 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,365,529
$1,203,050$1,528,008 · $3,339/ac on 409 ac
Asking vs estimate
+24.7%
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 $1,702,200
Maximum allowable offer
$780,303
$1,908/ac · +30.0% target margin

You need $921,897 off asking to hit this margin.

All-in cost$846,629
Net resale$1,256,287
Projected profit$409,658
ROI+48.4%
Annualized+69.2%
Break-even resale$2,250/ac
Profit if resale lands off target
-20%
$158,401
-10%
$284,030
0%
$409,658
+10%
$535,287
+20%
$660,916
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-758745
Paved · Power at road
282.0May 9, 2026$1,412,3005,0083,3092.2 mi
81
IN-498711
Dirt · Off grid
275.1Jul 23, 2025$717,9002,6092,8557.9 mi
72
IN-378355
Gravel · Off grid
212.6Jul 27, 2026$772,5003,6343,04810.9 mi
72
IN-978053
Dirt · Full utilities
170.8Jul 17, 2024$989,4005,7924,0202.6 mi
70
IN-489739
Gravel · Off grid
579.4Jan 5, 2025$1,690,1002,9173,5008.5 mi
67
Show adjustment detail for the top comp
  • Tract size (282.01 ac → 408.94 ac)-10.3%
  • Access (Paved → Dirt)-27.1%
  • Market time (3 mo)+1.1%

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.