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Sullivan County, IN · Sold

IN-668108

4452 County Road 89

$1,212,000
$6,818/ac · 178 ac
Acreage178 ac
Price per acre$6,818/ac
ZoningMixed Use
Road accessDirt
UtilitiesFull utilities
TopographySloped
ListedMay 9, 2025
Coordinates39.1263, -87.3864
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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

2 items to verify before you offer.

Risk index
19
Low risk
Wetlands2.6% of tract

Little to no mapped wetland coverage.

Average slope20.8%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,124 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area103.89 of 177.77 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,099,234
$903,189$1,295,280 · $6,183/ac on 178 ac
Asking vs estimate
+10.3%
Priced above 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 $1,212,000
Maximum allowable offer
$628,134
$3,533/ac · +30.0% target margin

You need $583,866 off asking to hit this margin.

All-in cost$681,525
Net resale$1,011,296
Projected profit$329,770
ROI+48.4%
Annualized+69.2%
Break-even resale$4,167/ac
Profit if resale lands off target
-20%
$127,511
-10%
$228,641
0%
$329,770
+10%
$430,900
+20%
$532,029
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-688111
Dirt · Full utilities
178.2Jun 27, 2024$832,9004,6755,0982.0 mi
80
IN-817622
Dirt · Full utilities
125.0Jul 27, 2025$807,0006,4566,1381.3 mi
79
IN-339663
Dirt · Off grid
548.4Jul 27, 2026$2,231,9004,0708,1242.9 mi
74
IN-576464
Dirt · Power at road
54.0Jul 27, 2026$373,9006,9206,3335.3 mi
72
IN-985746
Gravel · Off grid
32.1Aug 31, 2025$188,2005,8595,1123.2 mi
59
Show adjustment detail for the top comp
  • Market time (26 mo)+9.0%

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.