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Wayne County, IL · Sold

IL-995616

9155 County Road 48

$452,400
$12,896/ac · 35.08 ac
Acreage35.08 ac
Price per acre$12,896/ac
ZoningUnzoned
Road accessGravel
UtilitiesFull utilities
TopographyFlat
ListedDec 1, 2024
Coordinates38.3628, -88.4262
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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

3 items to verify before you offer.

Risk index
30
Moderate risk
Wetlands30.4% of tract

Heavy wetland coverage — assume a delineation and permitting delay.

Average slope2.7%

Gentle grade, straightforward to develop.

Flood zoneA

Inside the 100-year floodplain — insurance and elevation apply.

Legal accessDeeded frontage

736 ft of deeded road frontage.

PowerOn site

Power at or near the road.

Buildable area23.19 of 35.08 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$511,869
$395,225$628,513 · $14,591/ac on 35.08 ac
Asking vs estimate
-11.6%
Priced below 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 $452,400
Maximum allowable offer
$292,496
$8,338/ac · +30.0% target margin

You need $159,904 off asking to hit this margin.

All-in cost$317,358
Net resale$470,919
Projected profit$153,561
ROI+48.4%
Annualized+69.3%
Break-even resale$9,833/ac
Profit if resale lands off target
-20%
$59,377
-10%
$106,469
0%
$153,561
+10%
$200,653
+20%
$247,745
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-515079
Dirt · Off grid
23.8Jul 21, 2026$229,3009,64815,1912.0 mi
81
IL-555587
Gravel · Power at road
34.4Jan 22, 2025$365,70010,64713,79210.8 mi
74
IL-186349
Gravel · Off grid
59.6May 15, 2024$332,5005,5759,7042.1 mi
73
IL-246387
Dirt · Off grid
61.3Dec 15, 2025$617,80010,07519,2654.6 mi
71
IL-554714
Gravel · Full utilities
18.3Apr 3, 2025$221,10012,11811,6446.0 mi
70
IL-294581
Landlocked · Off grid
16.6Jan 16, 2026$154,6009,33218,1276.6 mi
68
Show adjustment detail for the top comp
  • Tract size (23.77 ac → 35.08 ac)-5.9%
  • Access (Dirt → Gravel)+16.3%
  • Utilities (Off grid → Full utilities)+43.5%

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.