Comparable sales & offer analysis
Parcel IL-516243
Kankakee County, IL · 55.24 ac · Recreational · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$387,300
Adjusted value
$536,949
Value range
$453,234–$620,664
Comp $/acre
$9,720/ac
Weighted from 9 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -27.9% versus the adjusted value.
Offer position
Max allowable offer
$306,828
Offer $/acre
$5,554/ac
Projected profit
$161,085
Annualized ROI
+69.2%
Assumes a 30% target margin, 9-month hold, 4% closing costs, 6% annual carry and 8% selling costs.
Comparable sales
| Parcel | Acres | Sold | Price | $/ac | Adj $/ac | Match |
|---|---|---|---|---|---|---|
| IL-146319 | 58.4 | Jun 12, 2026 | $271,000 | 4,644 | 8,233 | 80 |
| IL-616740 | 79.2 | Mar 10, 2026 | $481,500 | 6,081 | 7,928 | 80 |
| IL-315894 | 42.9 | Jul 27, 2026 | $406,400 | 9,473 | 9,054 | 78 |
| IL-755826 | 40.8 | Oct 26, 2025 | $403,000 | 9,867 | 11,239 | 75 |
| IL-867220 | 112.1 | Mar 3, 2026 | $1,215,400 | 10,841 | 10,723 | 72 |
| IL-607432 | 130.7 | May 20, 2026 | $1,259,200 | 9,633 | 11,423 | 70 |
| IL-725442 | 30.9 | Mar 19, 2025 | $258,700 | 8,366 | 9,302 | 67 |
| IL-605653 | 36.0 | Oct 17, 2024 | $413,100 | 11,466 | 7,944 | 63 |
| IL-714760 | 18.9 | May 16, 2024 | $248,700 | 13,179 | 12,134 | 62 |
Prepared with LandPilot. Values are model estimates derived from recorded sales and procedural market data, not an appraisal. Verify title, access and zoning independently before contracting.