← New search
Wayne County, IL · Sold

IL-957942

5518 County Road 378

$1,595,100
$8,433/ac · 189 ac
Acreage189 ac
Price per acre$8,433/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographySloped
ListedJan 11, 2026
Coordinates38.5207, -88.5248
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

3 items to verify before you offer.

Risk index
25
Low risk
Wetlands4.1% of tract

Little to no mapped wetland coverage.

Average slope17.5%

Rolling to steep in places; pad prep likely.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

1,041 ft of deeded road frontage.

Power14,138 ft away

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

Buildable area145.12 of 189.15 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$1,160,738
$835,731$1,485,744 · $6,137/ac on 189 ac
Asking vs estimate
+37.4%
Priced above 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 $1,595,100
Maximum allowable offer
$663,279
$3,507/ac · +30.0% target margin

You need $931,821 off asking to hit this margin.

All-in cost$719,658
Net resale$1,067,879
Projected profit$348,221
ROI+48.4%
Annualized+69.2%
Break-even resale$4,136/ac
Profit if resale lands off target
-20%
$134,645
-10%
$241,433
0%
$348,221
+10%
$455,009
+20%
$561,797
Comparable sales6 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-597514
Dirt · Power at road
138.7Jun 19, 2026$1,038,2007,4845,8895.3 mi
82
IL-246387
Dirt · Off grid
61.3Dec 15, 2025$617,80010,0757,8277.6 mi
72
IL-398982
Gravel · Off grid
401.8Aug 17, 2025$1,911,2004,7575,29510.8 mi
69
IL-458377
Gravel · Power at road
259.2Jan 24, 2025$2,710,10010,4558,89812.3 mi
66
IL-879328
Dirt · Power at road
516.3Jan 21, 2025$1,853,4003,5904,35610.6 mi
60
IL-186349
Gravel · Off grid
59.6May 15, 2024$332,5005,5753,94312.5 mi
54
Show adjustment detail for the top comp
  • Tract size (138.72 ac → 189.15 ac)-8.0%
  • Utilities (Power at road → Off grid)-15.0%
  • Market time (2 mo)+0.7%

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.