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Tippecanoe County, IN · Sold

IN-227064

797 County Road 397

$545,400
$6,536/ac · 83.44 ac
Acreage83.44 ac
Price per acre$6,536/ac
ZoningMixed Use
Road accessPaved
UtilitiesOff grid
TopographyWooded
ListedJan 22, 2025
Coordinates40.3899, -86.9701
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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

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

View Tippecanoe market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
20
Low risk
Wetlands6.6% of tract

Little to no mapped wetland coverage.

Average slope8.7%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power1,790 ft away

Service extension needed; get a utility quote.

Buildable area74.04 of 83.44 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$511,394
$432,080$590,708 · $6,129/ac on 83.44 ac
Asking vs estimate
+6.6%
Priced above the comp set

Weighted from 9 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 $545,400
Maximum allowable offer
$292,225
$3,502/ac · +30.0% target margin

You need $253,175 off asking to hit this margin.

All-in cost$317,064
Net resale$470,482
Projected profit$153,418
ROI+48.4%
Annualized+69.2%
Break-even resale$4,130/ac
Profit if resale lands off target
-20%
$59,322
-10%
$106,370
0%
$153,418
+10%
$200,466
+20%
$247,514
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IN-116089
Dirt · Off grid
41.2Jul 27, 2026$189,7004,6065,4563.7 mi
77
IN-446260
Dirt · Power at road
46.6Jul 27, 2026$299,1006,4186,6166.3 mi
75
IN-555718
Gravel · Full utilities
31.5Jul 27, 2026$187,9005,9694,0434.5 mi
72
IN-528309
Gravel · Off grid
205.6May 17, 2025$905,3004,4036,9082.7 mi
71
IN-557964
Gravel · Power at road
160.2Aug 9, 2025$970,3006,0587,4757.0 mi
71
IN-157768
Gravel · Power at road
139.0Apr 2, 2025$706,0005,0816,1225.9 mi
67
IN-546014
Landlocked · Off grid
39.0Apr 26, 2025$154,6003,9636,1884.8 mi
67
IN-225733
Gravel · Off grid
31.8Dec 11, 2025$211,6006,6496,6447.5 mi
66
IN-558680
Landlocked · Power at road
269.0Oct 14, 2024$710,1002,6395,7195.7 mi
57
Show adjustment detail for the top comp
  • Tract size (41.18 ac → 83.44 ac)-13.9%
  • Access (Dirt → Paved)+37.2%

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.