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Shelby County, IL · Sold

IL-655776

1510 County Road 316

$313,300
$7,954/ac · 39.39 ac
Acreage39.39 ac
Price per acre$7,954/ac
ZoningUnzoned
Road accessGravel
UtilitiesPower at road
TopographyMixed
ListedMay 16, 2025
Coordinates39.3172, -88.8733
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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

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

View Shelby market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
26
Low risk
Wetlands16.0% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope6.6%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power116 ft away

Power at or near the road.

Buildable area31.43 of 39.39 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$419,661
$342,392$496,931 · $10,654/ac on 39.39 ac
Asking vs estimate
-25.3%
Priced below 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 $313,300
Maximum allowable offer
$239,806
$6,088/ac · +30.0% target margin

You need $73,494 off asking to hit this margin.

All-in cost$260,190
Net resale$386,088
Projected profit$125,899
ROI+48.4%
Annualized+69.3%
Break-even resale$7,180/ac
Profit if resale lands off target
-20%
$48,681
-10%
$87,290
0%
$125,899
+10%
$164,508
+20%
$203,117
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-145754
Paved · Power at road
38.8Jul 27, 2026$503,90013,00111,01010.3 mi
85
IL-666471
Landlocked · Off grid
65.2Sep 28, 2025$331,7005,09110,1044.9 mi
75
IL-556586
Gravel · Power at road
70.8Jan 8, 2026$824,90011,64713,4577.9 mi
74
IL-587323
Gravel · Full utilities
120.8Jun 8, 2026$863,7007,1507,5722.4 mi
73
IL-764116
Dirt · Full utilities
11.8Jul 27, 2026$135,60011,4639,31212.1 mi
65
IL-124539
Dirt · Off grid
16.1Aug 4, 2024$156,1009,70812,6448.2 mi
58
Show adjustment detail for the top comp
  • Access (Paved → Gravel)-15.3%

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.