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Madison County, IL · Sold

IL-477618

8112 County Road 68

$496,100
$3,317/ac · 150 ac
Acreage150 ac
Price per acre$3,317/ac
ZoningRecreational
Road accessLandlocked
UtilitiesOff grid
TopographyRolling
ListedAug 15, 2023
Coordinates38.8094, -89.9959
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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
42
Moderate risk
Wetlands12.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope5.9%

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.

Power4,184 ft away

Service extension needed; get a utility quote.

Buildable area124.76 of 149.58 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$523,708
$381,637$665,778 · $3,501/ac on 150 ac
Asking vs estimate
-5.3%
Priced below the comp set

Weighted from 10 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 $496,100
Maximum allowable offer
$299,261
$2,001/ac · +30.0% target margin

You need $196,839 off asking to hit this margin.

All-in cost$324,698
Net resale$481,811
Projected profit$157,113
ROI+48.4%
Annualized+69.3%
Break-even resale$2,359/ac
Profit if resale lands off target
-20%
$60,751
-10%
$108,932
0%
$157,113
+10%
$205,294
+20%
$253,475
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-357709
Landlocked · Power at road
159.8Jul 27, 2026$411,8002,5782,2352.8 mi
89
IL-727500
Dirt · Off grid
137.3Jul 27, 2026$506,3003,6872,8565.4 mi
86
IL-786823
Landlocked · Off grid
84.1Jul 27, 2026$390,4004,6424,0246.4 mi
80
IL-587601
Paved · Off grid
147.8Feb 26, 2025$798,1005,4023,2943.5 mi
79
IL-627185
Gravel · Full utilities
109.3Jul 27, 2026$552,1005,0512,21110.4 mi
77
IL-477795
Gravel · Off grid
170.0Sep 7, 2024$820,9004,8283,6759.1 mi
72
IL-485970
Dirt · Off grid
45.3May 4, 2026$316,2006,9754,2265.9 mi
68
IL-528416
Paved · Full utilities
266.6Mar 30, 2025$2,539,1009,5224,7492.7 mi
68
IL-156110
Gravel · Power at road
50.2May 14, 2026$368,9007,3533,31911.7 mi
65
IL-146485
Gravel · Power at road
65.8Jun 11, 2024$676,20010,2715,3016.6 mi
59
Show adjustment detail for the top comp
  • Tract size (159.77 ac → 149.58 ac)+1.8%
  • 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.