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Marshall County, IN · Sold

IN-359255

4140 County Road 198

$1,512,700
$3,707/ac · 408 ac
Acreage408 ac
Price per acre$3,707/ac
ZoningUnzoned
Road accessGravel
UtilitiesOff grid
TopographyWooded
ListedJun 27, 2026
Coordinates41.2565, -86.3614
Loading terrain…
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

Marshall County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View Marshall market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
5
Low risk
Wetlands0.7% of tract

Little to no mapped wetland coverage.

Average slope3.5%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,067 ft of deeded road frontage.

Power4,884 ft away

Service extension needed; get a utility quote.

Buildable area384.93 of 408.05 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,657,201
$1,448,185$1,866,218 · $4,061/ac on 408 ac
Asking vs estimate
-8.7%
Priced below the comp set

Weighted from 6 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 $1,512,700
Maximum allowable offer
$946,972
$2,321/ac · +30.0% target margin

You need $565,728 off asking to hit this margin.

All-in cost$1,027,465
Net resale$1,524,625
Projected profit$497,161
ROI+48.4%
Annualized+69.2%
Break-even resale$2,737/ac
Profit if resale lands off target
-20%
$192,236
-10%
$344,698
0%
$497,161
+10%
$649,623
+20%
$802,086
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-719002
Gravel · Off grid
339.7Oct 27, 2025$1,421,3004,1844,0966.4 mi
81
IN-608857
Landlocked · Off grid
305.8Jul 27, 2026$980,3003,2054,3399.8 mi
80
IN-468781
Dirt · Off grid
289.5Jul 27, 2026$1,284,0004,4364,6729.1 mi
79
IN-269211
Landlocked · Off grid
395.3Apr 30, 2024$749,1001,8953,0279.1 mi
76
IN-177848
Gravel · Full utilities
147.3Mar 20, 2026$1,162,8007,8974,1893.1 mi
71
IN-978083
Dirt · Off grid
174.6Nov 29, 2025$745,7004,2714,00910.1 mi
66
Show adjustment detail for the top comp
  • Tract size (339.71 ac → 408.05 ac)-5.3%
  • Market time (10 mo)+3.4%

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.