Wayne County, IL · Sold

IL-554714

4629 County Road 293

$263,900

$14,460/ac · 18.25 ac

Offer report Market this tract

Acreage18.25 ac

Price per acre$14,460/ac

ZoningAgricultural

Road accessGravel

UtilitiesFull utilities

TopographySloped

ListedJun 10, 2024

Coordinates38.4282, -88.3538

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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

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

View Wayne market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index

Low risk

Wetlands4.0% of tract

Little to no mapped wetland coverage.

Average slope24.1%

Steep ground — expect meaningful site work to build.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

597 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area10.51 of 18.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$323,613

$276,968 – $370,257 · $17,732/ac on 18.25 ac

Asking vs estimate

-18.5%

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 $263,900

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$184,922

$10,133/ac · +30.0% target margin

You need $78,978 off asking to hit this margin.

All-in cost$200,640

Net resale$297,724

Projected profit$97,084

ROI+48.4%

Annualized+69.2%

Break-even resale$11,950/ac

Profit if resale lands off target

-20%

$37,539

-10%

$67,311

$97,084

+10%

$126,856

+20%

$156,628

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IL-294581 Landlocked · Off grid	16.6	Jan 16, 2026	$154,600	9,332	19,949	1.0 mi	83
IL-515079 Dirt · Off grid	23.8	Jul 21, 2026	$229,300	9,648	16,718	5.4 mi	81
IL-995616 Gravel · Full utilities	35.1	Aug 11, 2025	$483,600	13,786	15,816	6.0 mi	71
IL-863522 Paved · Off grid	7.7	Jun 3, 2026	$132,700	17,237	19,538	7.7 mi	69
IL-555587 Gravel · Power at road	34.4	Jan 22, 2025	$365,700	10,647	15,178	8.6 mi	66
IL-343276 Dirt · Off grid	6.4	Sep 1, 2025	$61,100	9,482	15,045	2.0 mi	65
IL-246387 Dirt · Off grid	61.3	Dec 15, 2025	$617,800	10,075	21,201	5.7 mi	63
IL-393472 Dirt · Power at road	7.4	Nov 23, 2024	$107,700	14,521	20,369	2.5 mi	63
IL-243219 Gravel · Off grid	6.2	Jul 1, 2025	$89,400	14,466	19,829	8.1 mi	63
IL-503165 Gravel · Power at road	5.9	May 10, 2025	$68,300	11,493	13,439	9.1 mi	61

Show adjustment detail for the top comp

Tract size (16.57 ac → 18.25 ac)-1.1%
Access (Landlocked → Gravel)+47.1%
Utilities (Off grid → Full utilities)+43.5%
Market time (7 mo)+2.4%

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.

Build the listing kit Post a deal or JV