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Tazewell County, IL · Sold

IL-428165

506 County Road 298

$1,698,100
$7,638/ac · 222 ac
Acreage222 ac
Price per acre$7,638/ac
ZoningUnzoned
Road accessDirt
UtilitiesFull utilities
TopographyWooded
ListedNov 5, 2025
Coordinates40.4723, -89.5447
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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

Tazewell County, Illinois. Class A row-crop ground; farmland yields anchor pricing.

View Tazewell market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
13
Low risk
Wetlands13.1% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope3.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

1,492 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area183.53 of 222.31 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,740,952
$1,406,622$2,075,283 · $7,831/ac on 222 ac
Asking vs estimate
-2.5%
In line with the comp set

Weighted from 6 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 $1,698,100
Maximum allowable offer
$994,830
$4,475/ac · +30.0% target margin

You need $703,270 off asking to hit this margin.

All-in cost$1,079,391
Net resale$1,601,676
Projected profit$522,286
ROI+48.4%
Annualized+69.2%
Break-even resale$5,278/ac
Profit if resale lands off target
-20%
$201,950
-10%
$362,118
0%
$522,286
+10%
$682,453
+20%
$842,621
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-108321
Landlocked · Power at road
248.9Sep 12, 2025$1,064,0004,2757,0754.6 mi
81
IL-119116
Dirt · Full utilities
442.8Mar 19, 2026$2,483,6005,6106,9767.3 mi
74
IL-216139
Dirt · Power at road
51.2Nov 18, 2025$503,5009,8298,6034.6 mi
68
IL-858918
Paved · Off grid
383.6Jun 6, 2025$2,900,0007,5609,7274.7 mi
68
IL-686082
Gravel · Power at road
49.2Jul 27, 2026$633,40012,8859,3505.5 mi
67
IL-206278
Gravel · Power at road
56.7Aug 24, 2025$382,6006,7535,2404.7 mi
61
Show adjustment detail for the top comp
  • Tract size (248.91 ac → 222.31 ac)+3.3%
  • Access (Landlocked → Dirt)+26.5%
  • Utilities (Power at road → Full utilities)+22.0%
  • Market time (11 mo)+3.9%

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.