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Shelby County, IL · Sold

IL-638565

3750 County Road 120

$1,428,000
$4,807/ac · 297 ac
Acreage297 ac
Price per acre$4,807/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyFlat
ListedSep 10, 2023
Coordinates39.4569, -88.8446
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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

3 items to verify before you offer.

Risk index
44
Moderate risk
Wetlands49.6% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope1.9%

Gentle grade, straightforward to develop.

Flood zoneAE

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

Legal accessDeeded frontage

3,195 ft of deeded road frontage.

Power172 ft away

Power at or near the road.

Buildable area142.22 of 297.04 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,428,155
$1,072,202$1,784,109 · $4,808/ac on 297 ac
Asking vs estimate
-0.0%
In line with 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 $1,428,000
Maximum allowable offer
$816,089
$2,747/ac · +30.0% target margin

You need $611,911 off asking to hit this margin.

All-in cost$885,457
Net resale$1,313,903
Projected profit$428,446
ROI+48.4%
Annualized+69.2%
Break-even resale$3,240/ac
Profit if resale lands off target
-20%
$165,666
-10%
$297,056
0%
$428,446
+10%
$559,837
+20%
$691,227
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-977596
Dirt · Off grid
147.2Jan 31, 2026$562,0003,8183,7752.9 mi
74
IL-587912
Dirt · Off grid
185.1Sep 29, 2025$749,0004,0474,3174.1 mi
74
IL-587323
Gravel · Full utilities
120.8Jun 8, 2026$863,7007,1503,9658.3 mi
74
IL-556586
Gravel · Power at road
70.8Jan 8, 2026$824,90011,6477,0472.1 mi
66
IL-666471
Landlocked · Off grid
65.2Sep 28, 2025$331,7005,0915,29111.3 mi
56
Show adjustment detail for the top comp
  • Tract size (147.21 ac → 297.04 ac)-17.8%
  • Utilities (Off grid → Power at road)+17.6%
  • 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.