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Shelby County, IL · Sold

IL-587912

7280 County Road 247

$828,500
$4,476/ac · 185 ac
Acreage185 ac
Price per acre$4,476/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedFeb 9, 2025
Coordinates39.4484, -88.7690
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

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

View Shelby market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
20
Low risk
Wetlands0.7% of tract

Little to no mapped wetland coverage.

Average slope20.4%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,454 ft of deeded road frontage.

Power3,204 ft away

Service extension needed; get a utility quote.

Buildable area110.27 of 185.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$901,904
$686,342$1,117,466 · $4,873/ac on 185 ac
Asking vs estimate
-8.1%
Priced below the comp set

Weighted from 5 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 $828,500
Maximum allowable offer
$515,374
$2,785/ac · +30.0% target margin

You need $313,126 off asking to hit this margin.

All-in cost$559,181
Net resale$829,752
Projected profit$270,571
ROI+48.4%
Annualized+69.2%
Break-even resale$3,284/ac
Profit if resale lands off target
-20%
$104,621
-10%
$187,596
0%
$270,571
+10%
$353,546
+20%
$436,521
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-977596
Dirt · Off grid
147.2Jan 31, 2026$562,0003,8183,6692.0 mi
88
IL-587323
Gravel · Full utilities
120.8Jun 8, 2026$863,7007,1503,8548.5 mi
75
IL-638565
Dirt · Power at road
297.0Oct 5, 2023$1,470,8004,9525,3924.1 mi
67
IL-556586
Gravel · Power at road
70.8Jan 8, 2026$824,90011,6476,8505.3 mi
66
IL-666471
Landlocked · Off grid
65.2Sep 28, 2025$331,7005,0915,14310.3 mi
63
Show adjustment detail for the top comp
  • Tract size (147.21 ac → 185.08 ac)-6.0%
  • Market time (6 mo)+2.3%

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.