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McLean County, IL · Sold

IL-167735

1008 County Road 382

$504,500
$3,099/ac · 163 ac
Acreage163 ac
Price per acre$3,099/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyRolling
ListedAug 31, 2024
Coordinates40.5049, -88.7694
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

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
21
Low risk
Wetlands17.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope8.4%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

2,085 ft of deeded road frontage.

Power43 ft away

Power at or near the road.

Buildable area127.91 of 162.81 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$666,980
$557,518$776,442 · $4,097/ac on 163 ac
Asking vs estimate
-24.4%
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 $504,500
Maximum allowable offer
$381,131
$2,341/ac · +30.0% target margin

You need $123,369 off asking to hit this margin.

All-in cost$413,527
Net resale$613,622
Projected profit$200,094
ROI+48.4%
Annualized+69.3%
Break-even resale$2,761/ac
Profit if resale lands off target
-20%
$77,370
-10%
$138,732
0%
$200,094
+10%
$261,457
+20%
$322,819
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-567770
Landlocked · Full utilities
167.0Jul 27, 2026$496,7002,9743,61810.1 mi
87
IL-577437
Landlocked · Off grid
131.2Jul 27, 2026$364,4002,7774,5473.1 mi
83
IL-808494
Gravel · Power at road
282.1Nov 10, 2025$1,251,0004,4345,3391.0 mi
78
IL-716675
Dirt · Full utilities
75.5Apr 7, 2026$341,0004,5143,6013.4 mi
76
IL-357184
Gravel · Full utilities
109.2Oct 31, 2025$431,3003,9493,01311.6 mi
76
IL-177881
Paved · Off grid
181.0Oct 11, 2024$694,3003,8364,2423.1 mi
74
IL-266658
Gravel · Off grid
74.6Dec 10, 2023$291,2003,9034,2017.7 mi
61
IL-719275
Landlocked · Power at road
496.8Oct 21, 2024$971,5001,9564,2706.4 mi
59
Show adjustment detail for the top comp
  • Tract size (166.99 ac → 162.81 ac)+0.7%
  • Access (Landlocked → Gravel)+47.1%
  • Utilities (Full utilities → Power at road)-18.0%

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.