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McLean County, IL · Sold

IL-893535

7852 County Road 262

$42,200
$5,431/ac · 7.77 ac
Acreage7.77 ac
Price per acre$5,431/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedSep 25, 2024
Coordinates40.4739, -88.8610
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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

3 items to verify before you offer.

Risk index
40
Moderate risk
Wetlands39.6% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.6%

Gentle grade, straightforward to develop.

Flood zoneAE

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

409 ft of deeded road frontage.

Power219 ft away

Power at or near the road.

Buildable area4.46 of 7.77 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$59,422
$47,007$71,836 · $7,648/ac on 7.77 ac
Asking vs estimate
-29.0%
Priced below 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 $42,200
Maximum allowable offer
$33,955
$4,370/ac · +30.0% target margin

You need $8,245 off asking to hit this margin.

All-in cost$36,841
Net resale$54,668
Projected profit$17,827
ROI+48.4%
Annualized+69.3%
Break-even resale$5,154/ac
Profit if resale lands off target
-20%
$6,893
-10%
$12,360
0%
$17,827
+10%
$23,294
+20%
$28,761
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-983318
Landlocked · Off grid
6.6Jul 27, 2026$27,8004,1817,1793.9 mi
84
IL-653347
Dirt · Full utilities
6.8Jul 20, 2026$55,4008,1767,7507.7 mi
81
IL-423151
Dirt · Off grid
5.9Jul 27, 2026$31,6005,3787,2539.3 mi
78
IL-643285
Gravel · Off grid
6.5Aug 28, 2025$60,6009,34911,3187.2 mi
76
IL-501946
Gravel · Power at road
2.5Apr 2, 2026$18,4007,4967,2523.6 mi
72
IL-871838
Dirt · Power at road
2.3Jan 28, 2026$12,7005,6036,3374.3 mi
67
IL-112017
Paved · Power at road
2.6Jan 26, 2026$25,6009,8768,1686.5 mi
67
IL-844553
Paved · Power at road
16.2Apr 23, 2024$89,8005,5295,4854.1 mi
64
Show adjustment detail for the top comp
  • Tract size (6.64 ac → 7.77 ac)-1.0%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Off grid → Power at road)+17.6%

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.