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Madison County, IN · Sold

IN-312953

9745 County Road 87

$42,100
$9,906/ac · 4.25 ac
Acreage4.25 ac
Price per acre$9,906/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyFlat
ListedMay 24, 2025
Coordinates40.1656, -85.7609
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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
17
Low risk
Wetlands15.9% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

496 ft of deeded road frontage.

Power2,574 ft away

Service extension needed; get a utility quote.

Buildable area3.40 of 4.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$42,529
$33,816$51,243 · $10,007/ac on 4.25 ac
Asking vs estimate
-1.0%
In line with 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 $42,100
Maximum allowable offer
$24,303
$5,718/ac · +30.0% target margin

You need $17,797 off asking to hit this margin.

All-in cost$26,369
Net resale$39,127
Projected profit$12,758
ROI+48.4%
Annualized+69.2%
Break-even resale$6,744/ac
Profit if resale lands off target
-20%
$4,933
-10%
$8,846
0%
$12,758
+10%
$16,671
+20%
$20,584
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-803849
Landlocked · Off grid
8.1Jul 27, 2026$32,3003,9717,1481.7 mi
80
IN-762558
Gravel · Off grid
3.2Aug 1, 2025$30,5009,57311,6712.1 mi
77
IN-703939
Dirt · Off grid
8.7Feb 1, 2026$61,8007,13110,4013.6 mi
73
IN-404375
Dirt · Off grid
11.9Nov 6, 2025$81,9006,88210,4004.9 mi
67
IN-271644
Gravel · Off grid
1.6Nov 22, 2024$9,5005,7507,0977.4 mi
65
IN-984246
Landlocked · Full utilities
10.8Jun 12, 2025$104,2009,62612,9198.0 mi
61
IN-751263
Dirt · Off grid
1.3Nov 12, 2024$9,6007,69611,0128.1 mi
58
Show adjustment detail for the top comp
  • Tract size (8.13 ac → 4.25 ac)+3.5%
  • Access (Landlocked → Paved)+73.5%

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.