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Madison County, IL · Sold

IL-131480

9603 County Road 122

$18,000
$10,286/ac · 1.75 ac
Acreage1.75 ac
Price per acre$10,286/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyFlat
ListedOct 17, 2024
Coordinates38.9101, -89.8342
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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
46
Moderate risk
Wetlands30.5% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope0.6%

Gentle grade, straightforward to develop.

Flood zoneA

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

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power14,012 ft away

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

Buildable area1.16 of 1.75 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$19,302
$15,592$23,013 · $11,030/ac on 1.75 ac
Asking vs estimate
-6.7%
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 $18,000
Maximum allowable offer
$11,030
$6,303/ac · +30.0% target margin

You need $6,970 off asking to hit this margin.

All-in cost$11,968
Net resale$17,758
Projected profit$5,791
ROI+48.4%
Annualized+69.2%
Break-even resale$7,433/ac
Profit if resale lands off target
-20%
$2,239
-10%
$4,015
0%
$5,791
+10%
$7,566
+20%
$9,342
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-921810
Gravel · Off grid
2.2Oct 9, 2024$20,9009,37710,1543.3 mi
76
IL-391017
Dirt · Off grid
1.3Nov 1, 2025$12,60010,09012,05911.1 mi
72
IL-973228
Gravel · Power at road
6.2Jul 27, 2026$73,30011,78810,4747.0 mi
70
IL-452430
Gravel · Off grid
3.5Apr 4, 2025$34,1009,76810,5068.7 mi
68
IL-451240
Dirt · Power at road
1.5Jun 19, 2024$20,00013,61414,63410.9 mi
67
IL-363426
Gravel · Full utilities
7.2Nov 13, 2024$64,6008,9987,0802.2 mi
65
IL-623260
Gravel · Power at road
6.4Mar 2, 2026$86,80013,64512,34410.8 mi
64
Show adjustment detail for the top comp
  • Market time (22 mo)+7.8%

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.