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Madison County, IL · Sold

IL-452430

7242 County Road 82

$31,800
$9,112/ac · 3.49 ac
Acreage3.49 ac
Price per acre$9,112/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedFeb 24, 2024
Coordinates38.8198, -89.9469
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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

Madison County, Illinois. Class A row-crop ground; farmland yields anchor pricing.

View Madison market data →

Step 1 · Is this a deal?

Due diligence

5 items to verify before you offer.

Risk index
51
Moderate risk
Wetlands34.6% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.4%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power7,754 ft away

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

Buildable area2.17 of 3.49 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$35,886
$28,491$43,281 · $10,282/ac on 3.49 ac
Asking vs estimate
-11.4%
Priced below the comp set

Weighted from 9 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 $31,800
Maximum allowable offer
$20,506
$5,876/ac · +30.0% target margin

You need $11,294 off asking to hit this margin.

All-in cost$22,249
Net resale$33,015
Projected profit$10,766
ROI+48.4%
Annualized+69.3%
Break-even resale$6,929/ac
Profit if resale lands off target
-20%
$4,163
-10%
$7,464
0%
$10,766
+10%
$14,067
+20%
$17,369
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-973228
Gravel · Power at road
6.2Jul 27, 2026$73,30011,78810,2974.3 mi
84
IL-921810
Gravel · Off grid
2.2Oct 9, 2024$20,9009,3779,9836.9 mi
74
IL-623260
Gravel · Power at road
6.4Mar 2, 2026$86,80013,64512,1357.5 mi
74
IL-763918
Landlocked · Off grid
10.3Oct 15, 2025$51,1004,9888,0530.5 mi
73
IL-131480
Gravel · Off grid
1.8Oct 7, 2025$19,20010,96511,1678.7 mi
71
IL-743884
Gravel · Off grid
10.0Jun 28, 2025$73,8007,3768,1791.5 mi
69
IL-391017
Dirt · Off grid
1.3Nov 1, 2025$12,60010,09011,8556.7 mi
65
IL-363426
Gravel · Full utilities
7.2Nov 13, 2024$64,6008,9986,9607.3 mi
64
IL-451240
Dirt · Power at road
1.5Jun 19, 2024$20,00013,61414,3866.7 mi
59
Show adjustment detail for the top comp
  • Tract size (6.22 ac → 3.49 ac)+2.5%
  • Utilities (Power at road → Off grid)-15.0%

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.