Comparable sales & offer analysis
Parcel IL-973228
Madison County, IL · 6.22 ac · Agricultural · Gravel · Power at road
LandPilot
Prepared Oct 2, 2026
Valuation summary
Asking price
$75,900
Adjusted value
$70,011
Value range
$53,181–$86,840
Comp $/acre
$11,256/ac
Weighted from 10 recorded sales within the county, adjusted for tract size, road access, utilities and time since sale. Asking is +8.4% versus the adjusted value.
Offer position
Max allowable offer
$40,006
Offer $/acre
$6,432/ac
Projected profit
$21,003
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-623260 | 6.4 | Mar 2, 2026 | $86,800 | 13,645 | 13,999 | 83 |
| IL-763918 | 10.3 | Oct 15, 2025 | $51,100 | 4,988 | 9,289 | 75 |
| IL-363426 | 7.2 | Nov 13, 2024 | $64,600 | 8,998 | 8,027 | 74 |
| IL-452430 | 3.5 | Apr 4, 2025 | $34,100 | 9,768 | 11,912 | 74 |
| IL-754425 | 14.8 | Mar 23, 2026 | $101,000 | 6,823 | 8,681 | 73 |
| IL-743884 | 10.0 | Jun 28, 2025 | $73,800 | 7,376 | 9,434 | 72 |
| IL-494589 | 16.7 | Dec 1, 2025 | $208,900 | 12,533 | 16,361 | 68 |
| IL-921810 | 2.2 | Oct 9, 2024 | $20,900 | 9,377 | 11,513 | 65 |
| IL-534908 | 21.0 | May 20, 2024 | $132,800 | 6,325 | 9,130 | 61 |
| IL-164772 | 19.0 | May 22, 2025 | $250,300 | 13,152 | 14,604 | 59 |
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.