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Madison County, IL · Sold

IL-477795

3581 County Road 318

$884,600
$5,202/ac · 170 ac
Acreage170 ac
Price per acre$5,202/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyRolling
ListedApr 7, 2024
Coordinates38.9141, -89.8922
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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
22
Low risk
Wetlands16.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.1%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,624 ft of deeded road frontage.

Power7,544 ft away

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

Buildable area134.88 of 170.04 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$837,309
$612,715$1,061,904 · $4,924/ac on 170 ac
Asking vs estimate
+5.6%
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 $884,600
Maximum allowable offer
$478,463
$2,814/ac · +30.0% target margin

You need $406,137 off asking to hit this margin.

All-in cost$519,132
Net resale$770,325
Projected profit$251,192
ROI+48.4%
Annualized+69.2%
Break-even resale$3,318/ac
Profit if resale lands off target
-20%
$97,127
-10%
$174,160
0%
$251,192
+10%
$328,225
+20%
$405,257
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-727500
Dirt · Off grid
137.3Jul 27, 2026$506,3003,6874,0587.3 mi
87
IL-357709
Landlocked · Power at road
159.8Jul 27, 2026$411,8002,5783,1759.5 mi
82
IL-786823
Landlocked · Off grid
84.1Jul 27, 2026$390,4004,6425,7176.1 mi
80
IL-627185
Gravel · Full utilities
109.3Jul 27, 2026$552,1005,0513,14111.9 mi
77
IL-587601
Paved · Off grid
147.8Feb 26, 2025$798,1005,4024,6796.7 mi
74
IL-477618
Landlocked · Off grid
149.6Aug 15, 2024$526,4003,5195,4209.1 mi
72
IL-156110
Gravel · Power at road
50.2May 14, 2026$368,9007,3534,7154.8 mi
70
IL-528416
Paved · Full utilities
266.6Mar 30, 2025$2,539,1009,5226,7487.2 mi
67
IL-429441
Landlocked · Power at road
560.3Feb 16, 2026$1,545,3002,7584,9754.5 mi
65
IL-146485
Gravel · Power at road
65.8Jun 11, 2024$676,20010,2717,5303.1 mi
63
Show adjustment detail for the top comp
  • Tract size (137.32 ac → 170.04 ac)-5.6%
  • Access (Dirt → Gravel)+16.3%

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.