← New search
Wayne County, IL · Sold

IL-294581

7295 County Road 262

$151,600
$9,149/ac · 16.57 ac
Acreage16.57 ac
Price per acre$9,149/ac
ZoningResidential
Road accessLandlocked
UtilitiesOff grid
TopographySloped
ListedOct 11, 2025
Coordinates38.4265, -88.3348
Loading terrain…
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

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

View Wayne market data →

Step 1 · Is this a deal?

Due diligence

4 items to verify before you offer.

Risk index
46
Moderate risk
Wetlands5.1% of tract

Little to no mapped wetland coverage.

Average slope14.7%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessLandlocked

No legal access of record — resale is severely limited.

Power8,678 ft away

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

Buildable area12.58 of 16.57 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$130,995
$110,148$151,842 · $7,906/ac on 16.57 ac
Asking vs estimate
+15.7%
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 $151,600
Maximum allowable offer
$74,854
$4,517/ac · +30.0% target margin

You need $76,746 off asking to hit this margin.

All-in cost$81,217
Net resale$120,515
Projected profit$39,299
ROI+48.4%
Annualized+69.3%
Break-even resale$5,328/ac
Profit if resale lands off target
-20%
$15,196
-10%
$27,247
0%
$39,299
+10%
$51,350
+20%
$63,402
Comparable sales9 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-515079
Dirt · Off grid
23.8Jul 21, 2026$229,3009,6488,0115.7 mi
81
IL-554714
Gravel · Full utilities
18.3Apr 3, 2025$221,10012,1186,1401.0 mi
78
IL-863522
Paved · Off grid
7.7Jun 3, 2026$132,70017,2379,3628.5 mi
72
IL-343276
Dirt · Off grid
6.4Sep 1, 2025$61,1009,4827,2093.0 mi
68
IL-995616
Gravel · Full utilities
35.1Aug 11, 2025$483,60013,7867,5796.6 mi
65
IL-393472
Dirt · Power at road
7.4Nov 23, 2024$107,70014,5219,7602.6 mi
64
IL-243219
Gravel · Off grid
6.2Jul 1, 2025$89,40014,4669,5029.0 mi
62
IL-555587
Gravel · Power at road
34.4Jan 22, 2025$365,70010,6477,2739.5 mi
62
IL-503165
Gravel · Power at road
5.9May 10, 2025$68,30011,4936,43910.1 mi
59
Show adjustment detail for the top comp
  • Tract size (23.77 ac → 16.57 ac)+4.7%
  • Access (Dirt → Landlocked)-20.9%

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.