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Sullivan County, IN · Sold

IN-339663

6503 County Road 239

$2,322,500
$4,235/ac · 548 ac
Acreage548 ac
Price per acre$4,235/ac
ZoningRecreational
Road accessDirt
UtilitiesOff grid
TopographyRolling
ListedMay 14, 2026
Coordinates39.1686, -87.3906
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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

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

View Sullivan market data →

Step 1 · Is this a deal?

Due diligence

1 item to verify before you offer.

Risk index
16
Low risk
Wetlands6.6% of tract

Little to no mapped wetland coverage.

Average slope7.4%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

4,007 ft of deeded road frontage.

Power8,188 ft away

A long utility run — price in solar/off-grid instead.

Buildable area486.57 of 548.37 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,622,259
$1,492,478$1,752,039 · $2,958/ac on 548 ac
Asking vs estimate
+43.2%
Priced above the comp set

Weighted from 4 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 $2,322,500
Maximum allowable offer
$927,005
$1,690/ac · +30.0% target margin

You need $1,395,495 off asking to hit this margin.

All-in cost$1,005,800
Net resale$1,492,478
Projected profit$486,678
ROI+48.4%
Annualized+69.2%
Break-even resale$1,994/ac
Profit if resale lands off target
-20%
$188,182
-10%
$337,430
0%
$486,678
+10%
$635,925
+20%
$785,173
Comparable sales4 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-817622
Dirt · Full utilities
125.0Jul 27, 2025$807,0006,4563,0821.7 mi
69
IN-668108
Dirt · Full utilities
177.8Jul 20, 2025$1,018,1005,7273,0052.9 mi
66
IN-576464
Dirt · Power at road
54.0Jul 27, 2026$373,9006,9203,1804.8 mi
65
IN-688111
Dirt · Full utilities
178.2Jun 27, 2024$832,9004,6752,5593.7 mi
65
Show adjustment detail for the top comp
  • Tract size (125.01 ac → 548.37 ac)-34.4%
  • Utilities (Full utilities → Off grid)-30.3%
  • Market time (13 mo)+4.4%

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.