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Wayne County, IL · Sold

IL-879328

2737 County Road 42

$2,209,000
$4,279/ac · 516 ac
Acreage516 ac
Price per acre$4,279/ac
ZoningAgricultural
Road accessDirt
UtilitiesPower at road
TopographyWooded
ListedApr 24, 2024
Coordinates38.4104, -88.3884
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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

No material red flags on the mapped layers.

Risk index
4
Low risk
Wetlands2.5% of tract

Little to no mapped wetland coverage.

Average slope5.6%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

5,591 ft of deeded road frontage.

Power147 ft away

Power at or near the road.

Buildable area478.18 of 516.25 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$3,037,943
$2,301,794$3,774,092 · $5,885/ac on 516 ac
Asking vs estimate
-27.3%
Priced below the comp set

Weighted from 5 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 $2,209,000
Maximum allowable offer
$1,735,968
$3,363/ac · +30.0% target margin

You need $473,032 off asking to hit this margin.

All-in cost$1,883,525
Net resale$2,794,908
Projected profit$911,383
ROI+48.4%
Annualized+69.2%
Break-even resale$3,966/ac
Profit if resale lands off target
-20%
$352,401
-10%
$631,892
0%
$911,383
+10%
$1,190,873
+20%
$1,470,364
Comparable sales5 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-409744
Dirt · Off grid
697.8Oct 16, 2025$2,154,8003,0884,1213.2 mi
78
IL-589778
Gravel · Full utilities
715.2Feb 3, 2026$5,433,6007,5976,0477.8 mi
74
IL-398982
Gravel · Off grid
401.8Aug 17, 2025$1,911,2004,7574,6505.9 mi
74
IL-957942
Dirt · Off grid
189.2Feb 3, 2026$1,531,3008,0967,26910.6 mi
66
IL-458377
Gravel · Power at road
259.2Jan 24, 2025$2,710,10010,4557,8166.6 mi
65
Show adjustment detail for the top comp
  • Tract size (697.81 ac → 516.25 ac)+9.6%
  • Utilities (Off grid → Power at road)+17.6%
  • Market time (10 mo)+3.5%

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.