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McLean County, IL · Sold

IL-577437

7423 County Road 1

$413,100
$3,149/ac · 131 ac
Acreage131 ac
Price per acre$3,149/ac
ZoningResidential
Road accessLandlocked
UtilitiesOff grid
TopographyWooded
ListedFeb 6, 2026
Coordinates40.4726, -88.7281
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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
38
Moderate risk
Wetlands7.5% of tract

Little to no mapped wetland coverage.

Average slope7.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power4,884 ft away

Service extension needed; get a utility quote.

Buildable area115.29 of 131.20 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$306,092
$245,585$366,599 · $2,333/ac on 131 ac
Asking vs estimate
+35.0%
Priced above the comp set

Weighted from 8 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 $413,100
Maximum allowable offer
$174,910
$1,333/ac · +30.0% target margin

You need $238,190 off asking to hit this margin.

All-in cost$189,777
Net resale$281,605
Projected profit$91,828
ROI+48.4%
Annualized+69.2%
Break-even resale$1,572/ac
Profit if resale lands off target
-20%
$35,507
-10%
$63,667
0%
$91,828
+10%
$119,988
+20%
$148,149
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-567770
Landlocked · Full utilities
167.0Jul 27, 2026$496,7002,9742,21413.1 mi
79
IL-716675
Dirt · Full utilities
75.5Apr 7, 2026$341,0004,5142,2040.9 mi
76
IL-177881
Paved · Off grid
181.0Oct 11, 2024$694,3003,8362,5966.2 mi
74
IL-167735
Gravel · Power at road
162.8Jan 16, 2025$417,2002,5631,6733.1 mi
73
IL-357184
Gravel · Full utilities
109.2Oct 31, 2025$431,3003,9491,84412.6 mi
72
IL-808494
Gravel · Power at road
282.1Nov 10, 2025$1,251,0004,4343,2684.1 mi
69
IL-266658
Gravel · Off grid
74.6Dec 10, 2023$291,2003,9032,57210.3 mi
61
IL-335955
Landlocked · Off grid
44.8Mar 16, 2025$129,8002,8942,39913.2 mi
60
Show adjustment detail for the top comp
  • Tract size (166.99 ac → 131.2 ac)+6.6%
  • Utilities (Full utilities → Off grid)-30.3%

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.