Comparable sales & offer analysis
Parcel IL-587601
Madison County, IL · 148 ac · Unzoned · Paved · Off grid
LandPilot
Prepared Aug 15, 2026
Valuation summary
Asking price
$923,700
Adjusted value
$915,028
Value range
$669,258–$1,160,797
Comp $/acre
$6,193/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +0.9% versus the adjusted value.
Offer position
Max allowable offer
$522,873
Offer $/acre
$3,539/ac
Projected profit
$274,508
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-357709 | 159.8 | Jul 27, 2026 | $411,800 | 2,578 | 3,891 | 89 |
| IL-727500 | 137.3 | Jul 27, 2026 | $506,300 | 3,687 | 4,973 | 86 |
| IL-627185 | 109.3 | Jul 27, 2026 | $552,100 | 5,051 | 3,850 | 81 |
| IL-786823 | 84.1 | Jul 27, 2026 | $390,400 | 4,642 | 7,006 | 80 |
| IL-477618 | 149.6 | Aug 15, 2024 | $526,400 | 3,519 | 6,641 | 77 |
| IL-477795 | 170.0 | Sep 7, 2024 | $820,900 | 4,828 | 6,398 | 72 |
| IL-528416 | 266.6 | Mar 30, 2025 | $2,539,100 | 9,522 | 8,269 | 70 |
| IL-156110 | 50.2 | May 14, 2026 | $368,900 | 7,353 | 5,778 | 69 |
| IL-485970 | 45.3 | May 4, 2026 | $316,200 | 6,975 | 7,358 | 68 |
| IL-146485 | 65.8 | Jun 11, 2024 | $676,200 | 10,271 | 9,228 | 61 |
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.