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St. Joseph County, IN · Sold

IN-409773

1394 County Road 281

$2,842,300
$4,786/ac · 594 ac
Acreage594 ac
Price per acre$4,786/ac
ZoningRecreational
Road accessPaved
UtilitiesPower at road
TopographyWooded
ListedJun 17, 2026
Coordinates41.6269, -86.2617
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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

St. Joseph County, Indiana. Tillable ground plus small recreational tracts near the Hoosier National Forest.

View St. Joseph market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
17
Low risk
Wetlands13.3% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope7.9%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

4,298 ft of deeded road frontage.

Power4 ft away

Power at or near the road.

Buildable area489.13 of 593.86 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$2,971,967
$2,234,916$3,709,019 · $5,004/ac on 594 ac
Asking vs estimate
-4.4%
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 $2,842,300
Maximum allowable offer
$1,698,267
$2,860/ac · +30.0% target margin

You need $1,144,033 off asking to hit this margin.

All-in cost$1,842,620
Net resale$2,734,210
Projected profit$891,590
ROI+48.4%
Annualized+69.2%
Break-even resale$3,373/ac
Profit if resale lands off target
-20%
$344,748
-10%
$618,169
0%
$891,590
+10%
$1,165,011
+20%
$1,438,432
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-347697
Gravel · Power at road
132.0Jul 27, 2026$1,088,3008,2456,3342.9 mi
70
IN-309155
Gravel · Full utilities
379.5Feb 11, 2024$1,811,6004,7734,4612.9 mi
67
IN-757684
Paved · Power at road
130.8Aug 20, 2024$884,7006,7674,7503.5 mi
61
IN-776896
Gravel · Full utilities
73.9Jul 16, 2025$393,6005,3283,0366.7 mi
58
IN-596828
Paved · Off grid
70.3Mar 11, 2024$622,1008,8456,3914.5 mi
53
Show adjustment detail for the top comp
  • Tract size (131.99 ac → 593.86 ac)-35.0%
  • Access (Gravel → Paved)+18.0%

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.