Lake County, IN · Sold

IN-896491

9273 County Road 4

$436,800

$7,927/ac · 55.10 ac

Offer report Market this tract

Acreage55.10 ac

Price per acre$7,927/ac

ZoningRecreational

Road accessPaved

UtilitiesPower at road

TopographyFlat

ListedDec 11, 2024

Coordinates41.4175, -87.3600

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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

Moderate risk

Wetlands32.0% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.2%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

793 ft of deeded road frontage.

Power179 ft away

Power at or near the road.

Buildable area35.59 of 55.10 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$438,095

$388,717 – $487,472 · $7,951/ac on 55.10 ac

Asking vs estimate

-0.3%

In line with the comp set

Weighted from 8 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 $436,800

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$250,340

$4,543/ac · +30.0% target margin

You need $186,460 off asking to hit this margin.

All-in cost$271,619

Net resale$403,047

Projected profit$131,428

ROI+48.4%

Annualized+69.2%

Break-even resale$5,358/ac

Profit if resale lands off target

-20%

$50,819

-10%

$91,123

$131,428

+10%

$171,733

+20%

$212,037

Comparable sales8 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IN-426616 Dirt · Full utilities	60.3	Jul 27, 2026	$446,200	7,397	8,498	7.1 mi	87
IN-526891 Landlocked · Full utilities	73.6	Jul 27, 2026	$425,700	5,782	8,779	3.0 mi	87
IN-386472 Dirt · Full utilities	54.3	May 4, 2026	$318,500	5,861	6,651	4.3 mi	84
IN-575691 Dirt · Power at road	30.9	Jul 27, 2026	$201,500	6,529	8,065	5.1 mi	79
IN-887345 Dirt · Off grid	102.3	Jun 27, 2026	$360,600	3,525	6,590	5.2 mi	75
IN-175686 Dirt · Power at road	30.8	Dec 14, 2024	$181,100	5,888	7,762	9.4 mi	64
IN-545645 Gravel · Power at road	29.9	Aug 12, 2024	$215,100	7,206	8,238	6.9 mi	64
IN-978053 Dirt · Full utilities	170.8	Jul 17, 2024	$989,400	5,792	9,324	8.9 mi	55

Show adjustment detail for the top comp

Tract size (60.32 ac → 55.1 ac)+1.9%
Access (Dirt → Paved)+37.2%
Utilities (Full utilities → Power at road)-18.0%

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.

Build the listing kit Post a deal or JV