← New search
Lyon County, IA · Sold

IA-119409

2818 County Road 120

$2,737,200
$5,454/ac · 502 ac
Acreage502 ac
Price per acre$5,454/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedDec 5, 2023
Coordinates43.4631, -96.2823
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

Lyon County, Iowa. The benchmark corn-belt farmland market; auctions set transparent comps.

View Lyon market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
21
Low risk
Wetlands18.8% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,823 ft of deeded road frontage.

Power2,336 ft away

Service extension needed; get a utility quote.

Buildable area387.11 of 501.83 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,967,615
$2,263,505$3,671,726 · $5,914/ac on 502 ac
Asking vs estimate
-7.8%
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 $2,737,200
Maximum allowable offer
$1,695,780
$3,379/ac · +30.0% target margin

You need $1,041,420 off asking to hit this margin.

All-in cost$1,839,921
Net resale$2,730,206
Projected profit$890,285
ROI+48.4%
Annualized+69.2%
Break-even resale$3,985/ac
Profit if resale lands off target
-20%
$344,244
-10%
$617,264
0%
$890,285
+10%
$1,163,306
+20%
$1,436,326
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IA-298995
Dirt · Power at road
371.8Jun 29, 2026$1,800,4004,8424,3992.7 mi
81
IA-288412
Dirt · Power at road
243.7Jul 27, 2026$1,445,2005,9304,7499.5 mi
76
IA-368149
Gravel · Off grid
201.4Jul 6, 2026$1,565,5007,7725,9836.4 mi
75
IA-709600
Paved · Power at road
576.3May 20, 2024$5,855,70010,1618,3517.2 mi
69
IA-638815
Paved · Power at road
326.3Jan 4, 2025$3,129,7009,5906,4898.7 mi
65
Show adjustment detail for the top comp
  • Tract size (371.8 ac → 501.83 ac)-8.6%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (2 mo)+0.5%

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.