← New search
Lake County, IN · Sold

IN-489739

2541 County Road 312

$1,845,100
$3,184/ac · 579 ac
Acreage579 ac
Price per acre$3,184/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedFeb 6, 2024
Coordinates41.4569, -87.4444
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

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

1 item to verify before you offer.

Risk index
15
Low risk
Wetlands6.6% of tract

Little to no mapped wetland coverage.

Average slope7.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

2,287 ft of deeded road frontage.

Power7,404 ft away

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

Buildable area514.11 of 579.41 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,745,398
$1,509,525$1,981,270 · $3,012/ac on 579 ac
Asking vs estimate
+5.7%
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 $1,845,100
Maximum allowable offer
$997,370
$1,721/ac · +30.0% target margin

You need $847,730 off asking to hit this margin.

All-in cost$1,082,146
Net resale$1,605,766
Projected profit$523,619
ROI+48.4%
Annualized+69.2%
Break-even resale$2,030/ac
Profit if resale lands off target
-20%
$202,466
-10%
$363,043
0%
$523,619
+10%
$684,196
+20%
$844,772
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-498711
Dirt · Off grid
275.1Jul 23, 2025$717,9002,6092,5402.6 mi
74
IN-378355
Gravel · Off grid
212.6Jul 27, 2026$772,5003,6342,7128.6 mi
73
IN-758745
Paved · Power at road
282.0May 9, 2026$1,412,3005,0082,9457.7 mi
71
IN-449258
Dirt · Power at road
408.9Jun 10, 2024$1,472,4003,6013,4988.5 mi
65
IN-978053
Dirt · Full utilities
170.8Jul 17, 2024$989,4005,7923,5779.7 mi
54
Show adjustment detail for the top comp
  • Tract size (275.15 ac → 579.41 ac)-19.9%
  • Access (Dirt → Gravel)+16.3%
  • Market time (13 mo)+4.5%

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.