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Madison County, IL · Sold

IL-921810

161 County Road 151

$21,100
$9,462/ac · 2.23 ac
Acreage2.23 ac
Price per acre$9,462/ac
ZoningAgricultural
Road accessGravel
UtilitiesOff grid
TopographyMixed
ListedMar 27, 2024
Coordinates38.8631, -89.8308
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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
14
Low risk
Wetlands1.0% of tract

Little to no mapped wetland coverage.

Average slope9.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

213 ft of deeded road frontage.

Power11,828 ft away

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

Buildable area2.10 of 2.23 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$24,897
$20,422$29,372 · $11,165/ac on 2.23 ac
Asking vs estimate
-15.3%
Priced below the comp set

Weighted from 7 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 $21,100
Maximum allowable offer
$14,227
$6,380/ac · +30.0% target margin

You need $6,873 off asking to hit this margin.

All-in cost$15,436
Net resale$22,905
Projected profit$7,469
ROI+48.4%
Annualized+69.2%
Break-even resale$7,524/ac
Profit if resale lands off target
-20%
$2,888
-10%
$5,178
0%
$7,469
+10%
$9,759
+20%
$12,050
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-131480
Gravel · Off grid
1.8Oct 7, 2025$19,20010,96511,3043.3 mi
81
IL-973228
Gravel · Power at road
6.2Jul 27, 2026$73,30011,78810,4247.0 mi
77
IL-452430
Gravel · Off grid
3.5Apr 4, 2025$34,1009,76810,4566.9 mi
76
IL-391017
Dirt · Off grid
1.3Nov 1, 2025$12,60010,09012,0017.9 mi
70
IL-623260
Gravel · Power at road
6.4Mar 2, 2026$86,80013,64512,2857.6 mi
68
IL-451240
Dirt · Power at road
1.5Jun 19, 2024$20,00013,61414,5637.7 mi
64
IL-363426
Gravel · Full utilities
7.2Nov 13, 2024$64,6008,9987,0464.0 mi
62
Show adjustment detail for the top comp
  • Market time (10 mo)+3.6%

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.