Madison County, IL · Sold

IL-743884

4768 County Road 138

$82,600

$8,260/ac · 10.00 ac

Offer report Market this tract

Acreage10.00 ac

Price per acre$8,260/ac

ZoningUnzoned

Road accessGravel

UtilitiesOff grid

TopographyWooded

ListedMar 1, 2025

Coordinates38.8384, -89.9321

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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

Low risk

Wetlands6.3% of tract

Little to no mapped wetland coverage.

Average slope9.9%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

478 ft of deeded road frontage.

Power5,920 ft away

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

Buildable area8.90 of 10.00 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$95,165

$73,207 – $117,123 · $9,517/ac on 10.00 ac

Asking vs estimate

-13.2%

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 $82,600

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$54,380

$5,438/ac · +30.0% target margin

You need $28,220 off asking to hit this margin.

All-in cost$59,002

Net resale$87,552

Projected profit$28,550

ROI+48.4%

Annualized+69.3%

Break-even resale$6,413/ac

Profit if resale lands off target

-20%

$11,039

-10%

$19,795

$28,550

+10%

$37,305

+20%

$46,060

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IL-763918 Landlocked · Off grid	10.3	Oct 15, 2025	$51,100	4,988	7,608	2.0 mi	83
IL-973228 Gravel · Power at road	6.2	Jul 27, 2026	$73,300	11,788	9,728	3.3 mi	81
IL-363426 Gravel · Full utilities	7.2	Nov 13, 2024	$64,600	8,998	6,576	5.8 mi	76
IL-623260 Gravel · Power at road	6.4	Mar 2, 2026	$86,800	13,645	11,464	7.8 mi	75
IL-754425 Dirt · Power at road	14.8	Mar 23, 2026	$101,000	6,823	7,109	5.8 mi	75
IL-494589 Dirt · Power at road	16.7	Dec 1, 2025	$208,900	12,533	13,399	2.8 mi	73
IL-375490 Paved · Off grid	32.0	Jan 14, 2026	$337,800	10,550	10,540	2.8 mi	68
IL-452430 Gravel · Off grid	3.5	Apr 4, 2025	$34,100	9,768	9,757	1.5 mi	68
IL-164772 Dirt · Full utilities	19.0	May 22, 2025	$250,300	13,152	11,962	4.8 mi	67
IL-534908 Gravel · Off grid	21.0	May 20, 2024	$132,800	6,325	7,480	5.2 mi	66

Show adjustment detail for the top comp

Access (Landlocked → Gravel)+47.1%
Market time (10 mo)+3.5%

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.

Build the listing kit Post a deal or JV