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Lake County, IN · Sold

IN-978053

1540 County Road 174

$1,093,300
$6,400/ac · 171 ac
Acreage171 ac
Price per acre$6,400/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedJun 12, 2024
Coordinates41.5334, -87.2871
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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

1 item to verify before you offer.

Risk index
15
Low risk
Wetlands9.2% of tract

Little to no mapped wetland coverage.

Average slope2.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

PowerOn site

Power at or near the road.

Buildable area147.35 of 170.82 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$894,938
$786,300$1,003,576 · $5,239/ac on 171 ac
Asking vs estimate
+22.2%
Priced above the comp set

Weighted from 10 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 $1,093,300
Maximum allowable offer
$511,393
$2,994/ac · +30.0% target margin

You need $581,907 off asking to hit this margin.

All-in cost$554,861
Net resale$823,343
Projected profit$268,481
ROI+48.4%
Annualized+69.2%
Break-even resale$3,531/ac
Profit if resale lands off target
-20%
$103,813
-10%
$186,147
0%
$268,481
+10%
$350,816
+20%
$433,150
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-378355
Gravel · Off grid
212.6Jul 27, 2026$772,5003,6344,7769.8 mi
79
IN-758745
Paved · Power at road
282.0May 9, 2026$1,412,3005,0085,1852.0 mi
77
IN-887345
Dirt · Off grid
102.3Jun 27, 2026$360,6003,5254,45210.0 mi
76
IN-426616
Dirt · Full utilities
60.3Jul 27, 2026$446,2007,3975,7415.8 mi
75
IN-526891
Landlocked · Full utilities
73.6Jul 27, 2026$425,7005,7825,9316.2 mi
74
IN-498711
Dirt · Off grid
275.1Jul 23, 2025$717,9002,6094,4738.4 mi
70
IN-449258
Dirt · Power at road
408.9Jun 10, 2024$1,472,4003,6016,1592.6 mi
69
IN-386472
Dirt · Full utilities
54.3May 4, 2026$318,5005,8614,49312.4 mi
68
IN-896491
Paved · Power at road
55.1Sep 8, 2025$462,1008,3875,8898.9 mi
60
IN-489739
Gravel · Off grid
579.4Jan 5, 2025$1,690,1002,9175,4839.7 mi
55
Show adjustment detail for the top comp
  • Tract size (212.6 ac → 170.82 ac)+6.2%
  • Access (Gravel → Dirt)-14.0%
  • Utilities (Off grid → Full utilities)+43.5%

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.