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Madison County, IL · Sold

IL-375490

1150 County Road 124

$358,600
$11,199/ac · 32.02 ac
Acreage32.02 ac
Price per acre$11,199/ac
ZoningResidential
Road accessPaved
UtilitiesOff grid
TopographyFlat
ListedNov 14, 2025
Coordinates38.8590, -89.9768
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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

4 items to verify before you offer.

Risk index
33
Moderate risk
Wetlands28.7% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope0.5%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessDeeded frontage

751 ft of deeded road frontage.

Power4,730 ft away

Service extension needed; get a utility quote.

Buildable area21.69 of 32.02 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$318,836
$249,003$388,670 · $9,957/ac on 32.02 ac
Asking vs estimate
+12.5%
Priced above 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 $358,600
Maximum allowable offer
$182,192
$5,690/ac · +30.0% target margin

You need $176,408 off asking to hit this margin.

All-in cost$197,678
Net resale$293,330
Projected profit$95,651
ROI+48.4%
Annualized+69.3%
Break-even resale$6,710/ac
Profit if resale lands off target
-20%
$36,985
-10%
$66,318
0%
$95,651
+10%
$124,984
+20%
$154,317
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-165817
Landlocked · Power at road
40.6Jul 27, 2026$252,0006,2139,5719.0 mi
79
IL-485970
Dirt · Off grid
45.3May 4, 2026$316,2006,97510,3066.7 mi
78
IL-786823
Landlocked · Off grid
84.1Jul 27, 2026$390,4004,6429,8133.3 mi
74
IL-156110
Gravel · Power at road
50.2May 14, 2026$368,9007,3538,0939.4 mi
73
IL-164772
Dirt · Full utilities
19.0May 22, 2025$250,30013,15212,2676.0 mi
72
IL-494589
Dirt · Power at road
16.7Dec 1, 2025$208,90012,53313,7404.0 mi
70
IL-534908
Gravel · Off grid
21.0May 20, 2024$132,8006,3257,6703.0 mi
69
IL-754425
Dirt · Power at road
14.8Mar 23, 2026$101,0006,8237,2908.2 mi
68
IL-146485
Gravel · Power at road
65.8Jun 11, 2024$676,20010,27112,9253.1 mi
68
IL-763918
Landlocked · Off grid
10.3Oct 15, 2025$51,1004,9887,8013.4 mi
66
Show adjustment detail for the top comp
  • Tract size (40.57 ac → 32.02 ac)+4.2%
  • Access (Landlocked → Paved)+73.5%
  • 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.