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Will County, IL · Sold

IL-645867

1266 County Road 389

$414,700
$9,857/ac · 42.07 ac
Acreage42.07 ac
Price per acre$9,857/ac
ZoningResidential
Road accessGravel
UtilitiesPower at road
TopographyFlat
ListedNov 24, 2023
Coordinates41.4862, -88.0532
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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

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

View Will market data →

Step 1 · Is this a deal?

Due diligence

3 items to verify before you offer.

Risk index
16
Low risk
Wetlands16.2% of tract

Partial wetlands. Verify the delineated build envelope.

Average slope1.7%

Gentle grade, straightforward to develop.

Flood zoneShaded X

Moderate flood hazard on part of the tract.

Legal accessDeeded frontage

732 ft of deeded road frontage.

Power237 ft away

Power at or near the road.

Buildable area33.49 of 42.07 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate
$344,473
$289,908$399,038 · $8,188/ac on 42.07 ac
Asking vs estimate
+20.4%
Priced above the comp set

Weighted from 8 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 $414,700
Maximum allowable offer
$196,842
$4,679/ac · +30.0% target margin

You need $217,858 off asking to hit this margin.

All-in cost$213,574
Net resale$316,915
Projected profit$103,342
ROI+48.4%
Annualized+69.2%
Break-even resale$5,518/ac
Profit if resale lands off target
-20%
$39,959
-10%
$71,650
0%
$103,342
+10%
$135,033
+20%
$166,725
Comparable sales8 matches
ParcelAcresSoldPrice$/acAdj $/acDistMatch
IL-926734
Landlocked · Power at road
78.8Jul 27, 2026$312,1003,9586,6570.9 mi
80
IL-425980
Gravel · Off grid
45.7Jun 2, 2025$276,9006,0657,61412.2 mi
79
IL-964976
Paved · Power at road
22.1Aug 18, 2025$208,8009,4667,5308.5 mi
72
IL-525246
Dirt · Power at road
26.8Oct 13, 2024$184,5006,8767,9838.4 mi
66
IL-147518
Paved · Power at road
139.1Jan 29, 2025$826,4005,9407,0430.4 mi
64
IL-107565
Gravel · Power at road
143.9May 30, 2024$984,2006,8379,9061.6 mi
63
IL-214763
Paved · Power at road
18.9Jul 10, 2024$207,90010,9958,9579.2 mi
60
IL-776754
Dirt · Full utilities
80.0Dec 15, 2023$701,6008,77110,6448.1 mi
60
Show adjustment detail for the top comp
  • Tract size (78.84 ac → 42.07 ac)+14.1%
  • Access (Landlocked → Gravel)+47.1%

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.