Comparable sales & offer analysis
Parcel IN-981909
Lake County, IN · 1.99 ac · Mixed Use · Landlocked · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$11,500
Adjusted value
$12,210
Value range
$9,564–$14,857
Comp $/acre
$6,136/ac
Weighted from 6 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is -5.8% versus the adjusted value.
Offer position
Max allowable offer
$6,977
Offer $/acre
$3,506/ac
Projected profit
$3,663
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 |
|---|---|---|---|---|---|---|
| IN-671992 | 2.1 | Nov 24, 2025 | $18,000 | 8,487 | 5,073 | 82 |
| IN-502957 | 4.3 | Jan 26, 2026 | $21,700 | 5,092 | 5,355 | 78 |
| IN-481291 | 1.3 | Feb 23, 2025 | $12,000 | 9,487 | 6,516 | 70 |
| IN-970422 | 0.7 | Aug 25, 2025 | $5,600 | 8,276 | 8,546 | 67 |
| IN-790101 | 0.5 | Jun 1, 2026 | $4,300 | 7,972 | 4,591 | 66 |
| IN-264246 | 10.8 | Jun 30, 2026 | $121,700 | 11,241 | 7,080 | 64 |
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.