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Lawrence County, IN · Sold

IN-872060

9591 County Road 217

$10,300
$4,640/ac · 2.22 ac
Acreage2.22 ac
Price per acre$4,640/ac
ZoningUnzoned
Road accessLandlocked
UtilitiesOff grid
TopographyFlat
ListedNov 15, 2023
Coordinates38.8524, -86.5158
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

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

View Lawrence market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
45
Moderate risk
Wetlands13.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.8%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power8,258 ft away

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

Buildable area1.82 of 2.22 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$19,193
$16,931$21,455 · $8,646/ac on 2.22 ac
Asking vs estimate
-46.3%
Priced below 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 $10,300
Maximum allowable offer
$10,968
$4,940/ac · +30.0% target margin

Asking price already clears your margin by $668.

All-in cost$11,900
Net resale$17,658
Projected profit$5,757
ROI+48.4%
Annualized+69.2%
Break-even resale$5,827/ac
Profit if resale lands off target
-20%
$2,226
-10%
$3,992
0%
$5,757
+10%
$7,523
+20%
$9,289
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-403115
Dirt · Off grid
4.8May 1, 2025$41,2008,6097,3542.9 mi
72
IN-190765
Gravel · Full utilities
0.9Nov 24, 2025$17,60020,2559,7543.9 mi
67
IN-703527
Gravel · Off grid
6.4Jan 5, 2025$68,90010,6938,0752.2 mi
64
IN-434126
Dirt · Full utilities
9.9Nov 28, 2024$131,60013,2518,3814.9 mi
56
IN-704664
Gravel · Full utilities
14.7Aug 24, 2024$257,50017,5509,9974.5 mi
52
Show adjustment detail for the top comp
  • Tract size (4.78 ac → 2.22 ac)+2.5%
  • Access (Dirt → Landlocked)-20.9%
  • Market time (16 mo)+5.4%

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.