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Parke County, IN · Sold

IN-489574

5581 County Road 287

$2,655,000
$5,164/ac · 514 ac
Acreage514 ac
Price per acre$5,164/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographySloped
ListedOct 25, 2024
Coordinates39.7811, -87.2674
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

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

View Parke market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
11
Low risk
Wetlands1.5% of tract

Little to no mapped wetland coverage.

Average slope13.9%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,318 ft of deeded road frontage.

Power191 ft away

Power at or near the road.

Buildable area405.13 of 514.13 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,179,078
$1,820,999$2,537,157 · $4,238/ac on 514 ac
Asking vs estimate
+21.8%
Priced above 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 $2,655,000
Maximum allowable offer
$1,245,187
$2,422/ac · +30.0% target margin

You need $1,409,813 off asking to hit this margin.

All-in cost$1,351,028
Net resale$2,004,752
Projected profit$653,724
ROI+48.4%
Annualized+69.2%
Break-even resale$2,856/ac
Profit if resale lands off target
-20%
$252,774
-10%
$453,249
0%
$653,724
+10%
$854,199
+20%
$1,054,674
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-779713
Gravel · Power at road
568.6May 13, 2026$1,801,5003,1683,3021.5 mi
89
IN-379622
Gravel · Power at road
532.3Mar 18, 2026$2,174,0004,0844,1994.5 mi
87
IN-618542
Gravel · Power at road
243.4Feb 14, 2026$1,340,9005,5084,5124.4 mi
75
IN-798550
Dirt · Off grid
244.9Nov 2, 2025$885,8003,6184,1096.6 mi
67
IN-957786
Gravel · Power at road
140.8Feb 27, 2024$760,2005,4004,1136.2 mi
63
IN-657837
Dirt · Full utilities
146.1Oct 8, 2023$1,129,0007,7295,7504.2 mi
55
Show adjustment detail for the top comp
  • Tract size (568.6 ac → 514.13 ac)+3.1%
  • Market time (3 mo)+1.1%

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.