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McLean County, IL · Sold

IL-719275

5183 County Road 247

$1,171,900
$2,359/ac · 497 ac
Acreage497 ac
Price per acre$2,359/ac
ZoningResidential
Road accessLandlocked
UtilitiesPower at road
TopographySloped
ListedDec 24, 2023
Coordinates40.4142, -88.7969
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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

McLean County, Illinois. Class A row-crop ground; farmland yields anchor pricing.

View McLean market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
35
Moderate risk
Wetlands5.3% of tract

Little to no mapped wetland coverage.

Average slope10.4%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power78 ft away

Power at or near the road.

Buildable area446.95 of 496.80 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$928,121
$699,135$1,157,108 · $1,868/ac on 497 ac
Asking vs estimate
+26.3%
Priced above the comp set

Weighted from 5 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 $1,171,900
Maximum allowable offer
$530,355
$1,068/ac · +30.0% target margin

You need $641,545 off asking to hit this margin.

All-in cost$575,435
Net resale$853,872
Projected profit$278,436
ROI+48.4%
Annualized+69.2%
Break-even resale$1,259/ac
Profit if resale lands off target
-20%
$107,662
-10%
$193,049
0%
$278,436
+10%
$363,824
+20%
$449,211
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-149487
Gravel · Full utilities
579.3Feb 28, 2026$1,453,1002,5081,4938.1 mi
82
IL-808494
Gravel · Power at road
282.1Nov 10, 2025$1,251,0004,4342,6327.0 mi
71
IL-567770
Landlocked · Full utilities
167.0Jul 27, 2026$496,7002,9741,78313.9 mi
68
IL-177881
Paved · Off grid
181.0Oct 11, 2024$694,3003,8362,0918.4 mi
62
IL-167735
Gravel · Power at road
162.8Jan 16, 2025$417,2002,5631,3476.4 mi
60
Show adjustment detail for the top comp
  • Tract size (579.27 ac → 496.8 ac)+4.8%
  • Access (Gravel → Landlocked)-32.0%
  • Utilities (Full utilities → Power at road)-18.0%
  • Market time (6 mo)+1.9%

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.