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Will County, IL · Sold

IL-214763

8655 County Road 242

$250,500
$13,247/ac · 18.91 ac
Acreage18.91 ac
Price per acre$13,247/ac
ZoningMixed Use
Road accessPaved
UtilitiesPower at road
TopographyMixed
ListedFeb 2, 2024
Coordinates41.4716, -87.8763
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

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

View Will market data →

Step 1 · Is this a deal?

Due diligence

2 items to verify before you offer.

Risk index
17
Low risk
Wetlands11.3% of tract

Little to no mapped wetland coverage.

Average slope9.2%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

861 ft of deeded road frontage.

Power122 ft away

Power at or near the road.

Buildable area15.93 of 18.91 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$174,558
$141,632$207,483 · $9,231/ac on 18.91 ac
Asking vs estimate
+43.5%
Priced above 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 $250,500
Maximum allowable offer
$99,747
$5,275/ac · +30.0% target margin

You need $150,753 off asking to hit this margin.

All-in cost$108,225
Net resale$160,593
Projected profit$52,367
ROI+48.4%
Annualized+69.3%
Break-even resale$6,221/ac
Profit if resale lands off target
-20%
$20,249
-10%
$36,308
0%
$52,367
+10%
$68,427
+20%
$84,486
Comparable sales10 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-964976
Paved · Power at road
22.1Aug 18, 2025$208,8009,46610,0609.5 mi
77
IL-863984
Gravel · Off grid
10.8Jul 27, 2026$50,4004,6916,1578.2 mi
74
IL-623308
Paved · Power at road
6.6Jul 27, 2026$52,8008,0057,3116.4 mi
74
IL-525246
Dirt · Power at road
26.8Oct 13, 2024$184,5006,87610,6640.9 mi
73
IL-794026
Paved · Full utilities
11.1Nov 17, 2024$121,50010,9569,1163.3 mi
69
IL-733081
Landlocked · Full utilities
5.6Jun 23, 2025$36,3006,4878,7360.3 mi
64
IL-425980
Gravel · Off grid
45.7Jun 2, 2025$276,9006,06510,1716.2 mi
63
IL-143104
Gravel · Power at road
5.7Jun 10, 2025$48,6008,5519,5747.6 mi
61
IL-645867
Gravel · Power at road
42.1Aug 18, 2024$369,9008,79312,7299.2 mi
61
IL-223596
Gravel · Full utilities
8.1Aug 7, 2024$70,0008,6208,35310.4 mi
57
Show adjustment detail for the top comp
  • Tract size (22.06 ac → 18.91 ac)+2.0%
  • Market time (12 mo)+4.2%

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.