Will County, IL · Sold

IL-861958

3451 County Road 283

$16,700

$6,734/ac · 2.48 ac

Offer report Market this tract

Acreage2.48 ac

Price per acre$6,734/ac

ZoningAgricultural

Road accessGravel

UtilitiesPower at road

TopographyWooded

ListedFeb 2, 2025

Coordinates41.4874, -87.9476

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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

No material red flags on the mapped layers.

Risk index

Low risk

Wetlands1.4% of tract

Little to no mapped wetland coverage.

Average slope3.0%

Gentle grade, straightforward to develop.

Flood zoneX

Outside the mapped floodplain.

Legal accessDeeded frontage

351 ft of deeded road frontage.

Power129 ft away

Power at or near the road.

Buildable area2.32 of 2.48 ac

Net of wetlands and slope constraints.

Step 2 · Where do the numbers land?

Adjusted value estimate

$25,934

$20,717 – $31,152 · $10,457/ac on 2.48 ac

Asking vs estimate

-35.6%

Priced below 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 $16,700

Acres

Resale ($/ac)

Target margin (%)

Hold (months)

Closing (%)

Carry (%/yr)

Selling costs (%)

Your offer

Maximum allowable offer

$14,820

$5,976/ac · +30.0% target margin

You need $1,880 off asking to hit this margin.

All-in cost$16,080

Net resale$23,860

Projected profit$7,780

ROI+48.4%

Annualized+69.2%

Break-even resale$7,048/ac

Profit if resale lands off target

-20%

$3,008

-10%

$5,394

$7,780

+10%

$10,166

+20%

$12,552

Comparable sales10 matches

Parcel	Acres	Sold	Price	$/ac	Adj $/ac	Dist	Match
IL-841954 Gravel · Full utilities	2.5	Jan 16, 2026	$36,500	14,779	12,407	2.1 mi	86
IL-561631 Dirt · Off grid	2.0	Jun 4, 2026	$13,700	7,009	9,618	4.0 mi	81
IL-641703 Dirt · Off grid	2.1	Jul 27, 2026	$18,700	9,099	12,423	8.7 mi	80
IL-623308 Paved · Power at road	6.6	Jul 27, 2026	$52,800	8,005	7,063	6.1 mi	77
IL-292821 Landlocked · Off grid	4.6	Jul 27, 2026	$19,500	4,212	7,454	5.6 mi	76
IL-230994 Landlocked · Full utilities	1.2	Jun 15, 2026	$12,400	10,072	12,074	6.4 mi	72
IL-510440 Paved · Power at road	0.8	Jul 27, 2026	$9,000	10,803	9,023	6.5 mi	72
IL-172447 Dirt · Power at road	3.5	Jan 14, 2025	$35,800	10,145	12,710	4.3 mi	71
IL-192723 Landlocked · Power at road	4.3	Nov 17, 2025	$34,800	8,065	12,447	8.3 mi	70
IL-143104 Gravel · Power at road	5.7	Jun 10, 2025	$48,600	8,551	9,249	4.5 mi	69

Show adjustment detail for the top comp

Utilities (Full utilities → Power at road)-18.0%
Market time (7 mo)+2.4%

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.

Build the listing kit Post a deal or JV