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Madison County, IN · Sold

IN-195421

184 County Road 171

$198,600
$7,825/ac · 25.38 ac
Acreage25.38 ac
Price per acre$7,825/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyMixed
ListedSep 9, 2023
Coordinates40.1712, -85.7756
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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, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Madison market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
20
Low risk
Wetlands18.5% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope4.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

492 ft of deeded road frontage.

Power2,854 ft away

Service extension needed; get a utility quote.

Buildable area19.65 of 25.38 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$155,764
$129,883$181,645 · $6,137/ac on 25.38 ac
Asking vs estimate
+27.5%
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 $198,600
Maximum allowable offer
$89,008
$3,507/ac · +30.0% target margin

You need $109,592 off asking to hit this margin.

All-in cost$96,574
Net resale$143,302
Projected profit$46,729
ROI+48.4%
Annualized+69.2%
Break-even resale$4,136/ac
Profit if resale lands off target
-20%
$18,068
-10%
$32,399
0%
$46,729
+10%
$61,059
+20%
$75,389
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-254853
Dirt · Off grid
16.8Jul 4, 2025$121,1007,2007,1435.4 mi
79
IN-805317
Gravel · Off grid
23.5Apr 27, 2025$181,5007,7126,9208.5 mi
75
IN-803849
Landlocked · Off grid
8.1Jul 27, 2026$32,3003,9714,4670.9 mi
74
IN-776783
Landlocked · Off grid
68.1Apr 28, 2026$225,0003,3055,0822.6 mi
72
IN-404375
Dirt · Off grid
11.9Nov 6, 2025$81,9006,8826,4995.6 mi
72
IN-703939
Dirt · Off grid
8.7Feb 1, 2026$61,8007,1316,5004.4 mi
71
IN-816509
Dirt · Off grid
55.8May 13, 2025$249,7004,4735,4187.9 mi
67
IN-836438
Landlocked · Off grid
53.0May 20, 2024$193,1003,6425,7372.9 mi
65
IN-496841
Landlocked · Power at road
71.0Feb 14, 2026$298,3004,2015,5898.9 mi
64
IN-984246
Landlocked · Full utilities
10.8Jun 12, 2025$104,2009,6268,0748.4 mi
62
Show adjustment detail for the top comp
  • Tract size (16.82 ac → 25.38 ac)-5.2%
  • Market time (13 mo)+4.7%

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.