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Wayne County, IL · Sold

IL-246387

1234 County Road 204

$647,600
$10,561/ac · 61.32 ac
Acreage61.32 ac
Price per acre$10,561/ac
ZoningResidential
Road accessDirt
UtilitiesOff grid
TopographyWooded
ListedSep 9, 2025
Coordinates38.4240, -88.4591
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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
25
Low risk
Wetlands6.3% of tract

Little to no mapped wetland coverage.

Average slope9.2%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessRecorded easement

Access by easement; pull and read the recorded document.

Power7,138 ft away

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

Buildable area54.58 of 61.32 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$471,273
$368,560$573,986 · $7,685/ac on 61.32 ac
Asking vs estimate
+37.4%
Priced above the comp set

Weighted from 7 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 $647,600
Maximum allowable offer
$269,299
$4,392/ac · +30.0% target margin

You need $378,301 off asking to hit this margin.

All-in cost$292,189
Net resale$433,572
Projected profit$141,382
ROI+48.4%
Annualized+69.2%
Break-even resale$5,179/ac
Profit if resale lands off target
-20%
$54,668
-10%
$98,025
0%
$141,382
+10%
$184,739
+20%
$228,096
Comparable sales7 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-515079
Dirt · Off grid
23.8Jul 21, 2026$229,3009,6488,1676.0 mi
75
IL-186349
Gravel · Off grid
59.6May 15, 2024$332,5005,5755,2175.3 mi
74
IL-597514
Dirt · Power at road
138.7Jun 19, 2026$1,038,2007,4847,7936.5 mi
74
IL-957942
Dirt · Off grid
189.2Feb 3, 2026$1,531,3008,09610,9517.6 mi
73
IL-995616
Gravel · Full utilities
35.1Aug 11, 2025$483,60013,7867,7274.6 mi
69
IL-555587
Gravel · Power at road
34.4Jan 22, 2025$365,70010,6477,4156.4 mi
65
IL-554714
Gravel · Full utilities
18.3Apr 3, 2025$221,10012,1186,2605.7 mi
59
Show adjustment detail for the top comp
  • Tract size (23.77 ac → 61.32 ac)-15.6%

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.