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Sullivan County, IN · Sold

IN-584442

2916 County Road 187

$92,500
$7,406/ac · 12.49 ac
Acreage12.49 ac
Price per acre$7,406/ac
ZoningResidential
Road accessLandlocked
UtilitiesPower at road
TopographyMixed
ListedJun 22, 2024
Coordinates39.1541, -87.3453
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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
27
Low risk
Wetlands3.3% of tract

Little to no mapped wetland coverage.

Average slope2.8%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power69 ft away

Power at or near the road.

Buildable area11.47 of 12.49 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$106,037
$78,868$133,206 · $8,490/ac on 12.49 ac
Asking vs estimate
-12.8%
Priced below the comp set

Weighted from 10 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 $92,500
Maximum allowable offer
$60,593
$4,851/ac · +30.0% target margin

You need $31,907 off asking to hit this margin.

All-in cost$65,743
Net resale$97,554
Projected profit$31,811
ROI+48.4%
Annualized+69.2%
Break-even resale$5,721/ac
Profit if resale lands off target
-20%
$12,300
-10%
$22,055
0%
$31,811
+10%
$41,566
+20%
$51,321
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-594732
Gravel · Power at road
15.4Jan 27, 2026$249,80016,20911,5187.5 mi
82
IN-943661
Gravel · Off grid
7.1Jul 27, 2026$62,5008,8176,7694.1 mi
81
IN-983627
Gravel · Power at road
6.9Jul 27, 2026$100,00014,4489,4138.0 mi
76
IN-214253
Gravel · Full utilities
10.9Jul 21, 2025$206,10018,92910,8905.1 mi
75
IN-324246
Dirt · Power at road
10.8Aug 19, 2025$73,8006,8115,53810.4 mi
74
IN-973210
Gravel · Off grid
5.1Jul 27, 2026$66,10012,9079,7368.9 mi
74
IN-993812
Paved · Power at road
7.9Nov 28, 2025$112,50014,2278,1414.9 mi
74
IN-243854
Gravel · Off grid
8.2Apr 28, 2025$81,5009,9868,1404.9 mi
69
IN-335478
Dirt · Full utilities
26.4Feb 7, 2026$355,90013,4549,7576.1 mi
69
IN-862984
Dirt · Power at road
4.3Jan 28, 2026$25,0005,7554,3489.2 mi
65
Show adjustment detail for the top comp
  • Tract size (15.41 ac → 12.49 ac)+2.1%
  • Access (Gravel → Landlocked)-32.0%
  • Market time (7 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.