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Parke County, IN · Sold

IN-657837

2640 County Road 245

$1,146,200
$7,846/ac · 146 ac
Acreage146 ac
Price per acre$7,846/ac
ZoningResidential
Road accessDirt
UtilitiesFull utilities
TopographyFlat
ListedSep 23, 2023
Coordinates39.7842, -87.1890
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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

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

3 items to verify before you offer.

Risk index
44
Moderate risk
Wetlands46.1% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.4%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

1,214 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area74.80 of 146.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,000,131
$869,198$1,131,065 · $6,846/ac on 146 ac
Asking vs estimate
+14.6%
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 $1,146,200
Maximum allowable offer
$571,504
$3,912/ac · +30.0% target margin

You need $574,696 off asking to hit this margin.

All-in cost$620,082
Net resale$920,121
Projected profit$300,039
ROI+48.4%
Annualized+69.2%
Break-even resale$4,614/ac
Profit if resale lands off target
-20%
$116,015
-10%
$208,027
0%
$300,039
+10%
$392,051
+20%
$484,063
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-798550
Dirt · Off grid
244.9Nov 2, 2025$885,8003,6186,1852.6 mi
80
IN-407072
Dirt · Power at road
83.9Apr 9, 2026$666,2007,9388,5495.6 mi
76
IN-957786
Gravel · Power at road
140.8Feb 27, 2024$760,2005,4006,1922.0 mi
74
IN-618542
Gravel · Power at road
243.4Feb 14, 2026$1,340,9005,5086,7936.9 mi
72
IN-946347
Gravel · Power at road
49.6Jul 17, 2024$407,1008,2027,2595.2 mi
62
IN-426369
Gravel · Off grid
50.4Aug 31, 2024$291,1005,7715,9995.9 mi
58
Show adjustment detail for the top comp
  • Tract size (244.86 ac → 146.08 ac)+15.3%
  • Utilities (Off grid → Full utilities)+43.5%
  • Market time (9 mo)+3.3%

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.