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Sangamon County, IL · Sold

IL-538304

6740 County Road 40

$1,391,300
$5,659/ac · 246 ac
Acreage246 ac
Price per acre$5,659/ac
ZoningAgricultural
Road accessGravel
UtilitiesPower at road
TopographyWooded
ListedOct 15, 2024
Coordinates39.8271, -89.5855
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

Sangamon County, Illinois. Class A row-crop ground; farmland yields anchor pricing.

View Sangamon market data →

Step 1 · Is this a deal?

Due diligence

No material red flags on the mapped layers.

Risk index
2
Low risk
Wetlands2.2% of tract

Little to no mapped wetland coverage.

Average slope4.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,820 ft of deeded road frontage.

Power126 ft away

Power at or near the road.

Buildable area228.43 of 245.86 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,433,721
$1,165,847$1,701,595 · $5,831/ac on 246 ac
Asking vs estimate
-3.0%
In line with the comp set

Weighted from 9 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 $1,391,300
Maximum allowable offer
$819,269
$3,332/ac · +30.0% target margin

You need $572,031 off asking to hit this margin.

All-in cost$888,907
Net resale$1,319,023
Projected profit$430,116
ROI+48.4%
Annualized+69.2%
Break-even resale$3,930/ac
Profit if resale lands off target
-20%
$166,312
-10%
$298,214
0%
$430,116
+10%
$562,019
+20%
$693,921
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-948611
Gravel · Power at road
307.1Jul 27, 2026$2,141,2006,9727,4514.0 mi
88
IL-398167
Paved · Full utilities
222.6Jul 27, 2026$2,246,90010,0926,8318.8 mi
82
IL-527931
Gravel · Off grid
187.7Mar 8, 2026$655,0003,4913,8777.3 mi
79
IL-848760
Paved · Full utilities
342.1Mar 19, 2026$2,580,8007,5445,86611.4 mi
77
IL-987892
Gravel · Power at road
182.4Mar 26, 2025$864,7004,7404,61412.5 mi
72
IL-199661
Paved · Off grid
657.1Jul 27, 2026$3,041,9004,6296,1949.9 mi
69
IL-156586
Dirt · Power at road
70.8Jul 27, 2026$510,6007,2096,0887.8 mi
69
IL-449159
Paved · Full utilities
456.8May 27, 2025$2,603,4005,7004,99210.2 mi
69
IL-719591
Paved · Power at road
624.6Dec 7, 2025$3,414,8005,4676,2869.8 mi
65
Show adjustment detail for the top comp
  • Tract size (307.1 ac → 245.86 ac)+6.6%

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.