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Madison County, IL · Sold

IL-289877

3583 County Road 307

$1,607,500
$2,092/ac · 768 ac
Acreage768 ac
Price per acre$2,092/ac
ZoningRecreational
Road accessLandlocked
UtilitiesPower at road
TopographyWooded
ListedSep 20, 2024
Coordinates38.9152, -89.8505
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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

1 item to verify before you offer.

Risk index
31
Moderate risk
Wetlands2.2% of tract

Little to no mapped wetland coverage.

Average slope9.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power189 ft away

Power at or near the road.

Buildable area713.91 of 768.39 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,867,050
$1,471,039$2,263,062 · $2,430/ac on 768 ac
Asking vs estimate
-13.9%
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 $1,607,500
Maximum allowable offer
$1,066,886
$1,388/ac · +30.0% target margin

You need $540,614 off asking to hit this margin.

All-in cost$1,157,571
Net resale$1,717,686
Projected profit$560,115
ROI+48.4%
Annualized+69.2%
Break-even resale$1,637/ac
Profit if resale lands off target
-20%
$216,578
-10%
$388,346
0%
$560,115
+10%
$731,884
+20%
$903,652
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-809664
Gravel · Power at road
658.5May 19, 2026$2,687,6004,0812,6742.0 mi
85
IL-499798
Dirt · Full utilities
725.6Mar 17, 2026$2,053,6002,8301,8341.8 mi
84
IL-429441
Landlocked · Power at road
560.3Feb 16, 2026$1,545,3002,7582,5566.1 mi
80
IL-357709
Landlocked · Power at road
159.8Jul 27, 2026$411,8002,5781,63110.6 mi
67
IL-727500
Dirt · Off grid
137.3Jul 27, 2026$506,3003,6872,0857.8 mi
63
IL-528416
Paved · Full utilities
266.6Mar 30, 2025$2,539,1009,5223,4668.4 mi
59
IL-477618
Landlocked · Off grid
149.6Aug 15, 2024$526,4003,5192,78410.7 mi
57
IL-477795
Gravel · Off grid
170.0Sep 7, 2024$820,9004,8282,6822.2 mi
57
IL-587601
Paved · Off grid
147.8Feb 26, 2025$798,1005,4022,4048.7 mi
54
Show adjustment detail for the top comp
  • Tract size (658.52 ac → 768.39 ac)-4.6%
  • Access (Gravel → Landlocked)-32.0%
  • Market time (3 mo)+1.0%

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.