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Madison County, IL · Sold

IL-534908

1497 County Road 64

$132,300
$6,300/ac · 21.00 ac
Acreage21.00 ac
Price per acre$6,300/ac
ZoningMixed Use
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedMar 20, 2024
Coordinates38.9028, -89.9828
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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
32
Moderate risk
Wetlands16.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power14,040 ft away

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

Buildable area16.70 of 21.00 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$186,477
$148,269$224,685 · $8,880/ac on 21.00 ac
Asking vs estimate
-29.1%
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 $132,300
Maximum allowable offer
$106,558
$5,074/ac · +30.0% target margin

You need $25,742 off asking to hit this margin.

All-in cost$115,615
Net resale$171,559
Projected profit$55,943
ROI+48.4%
Annualized+69.3%
Break-even resale$5,984/ac
Profit if resale lands off target
-20%
$21,632
-10%
$38,787
0%
$55,943
+10%
$73,099
+20%
$90,255
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-494589
Dirt · Power at road
16.7Dec 1, 2025$208,90012,53312,3974.7 mi
81
IL-375490
Paved · Off grid
32.0Jan 14, 2026$337,80010,5509,7523.0 mi
77
IL-165817
Landlocked · Power at road
40.6Jul 27, 2026$252,0006,2138,6359.7 mi
77
IL-973228
Gravel · Power at road
6.2Jul 27, 2026$73,30011,7889,0002.0 mi
74
IL-754425
Dirt · Power at road
14.8Mar 23, 2026$101,0006,8236,5779.4 mi
74
IL-164772
Dirt · Full utilities
19.0May 22, 2025$250,30013,15211,0679.0 mi
73
IL-156110
Gravel · Power at road
50.2May 14, 2026$368,9007,3537,3019.5 mi
71
IL-485970
Dirt · Off grid
45.3May 4, 2026$316,2006,9759,2989.3 mi
71
IL-743884
Gravel · Off grid
10.0Jun 28, 2025$73,8007,3767,1495.2 mi
70
IL-763918
Landlocked · Off grid
10.3Oct 15, 2025$51,1004,9887,0396.4 mi
69
Show adjustment detail for the top comp
  • Tract size (16.67 ac → 21 ac)-2.8%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (8 mo)+3.0%

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.