Comparable sales & offer analysis
Parcel IL-494589
Madison County, IL · 16.67 ac · Mixed Use · Dirt · Power at road
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$195,800
Adjusted value
$143,351
Value range
$118,548–$168,154
Comp $/acre
$8,599/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +36.6% versus the adjusted value.
Offer position
Max allowable offer
$81,915
Offer $/acre
$4,914/ac
Projected profit
$43,005
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-754425 | 14.8 | Mar 23, 2026 | $101,000 | 6,823 | 6,846 | 86 |
| IL-165817 | 40.6 | Jul 27, 2026 | $252,000 | 6,213 | 8,989 | 79 |
| IL-164772 | 19.0 | May 22, 2025 | $250,300 | 13,152 | 11,520 | 76 |
| IL-973228 | 6.2 | Jul 27, 2026 | $73,300 | 11,788 | 9,368 | 74 |
| IL-534908 | 21.0 | May 20, 2024 | $132,800 | 6,325 | 7,203 | 74 |
| IL-763918 | 10.3 | Oct 15, 2025 | $51,100 | 4,988 | 7,326 | 72 |
| IL-375490 | 32.0 | Jan 14, 2026 | $337,800 | 10,550 | 10,151 | 71 |
| IL-485970 | 45.3 | May 4, 2026 | $316,200 | 6,975 | 9,679 | 71 |
| IL-743884 | 10.0 | Jun 28, 2025 | $73,800 | 7,376 | 7,442 | 70 |
| IL-156110 | 50.2 | May 14, 2026 | $368,900 | 7,353 | 7,600 | 70 |
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.