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    0000 Rte 52 Manhattan, IL 60442

    Sponsored
    For Sale
    $2,600,000

    Prime 6-acre commercial lot, high visibility.

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    330
    This exceptional 6-acre commercial land parcel presents a remarkable investment opportunity in Manhattan, Illinois. Strategically located on the highly trafficked Route 52 at the corner of Gougar Road, this property boasts unparalleled visibility and accessibility, ensuring maximum exposure for any commercial venture. The expansive lot size offers significant development potential for a wide range of businesses, including retail, entertainment, or hospitality establishments. Its prime location within Will County guarantees a strong customer base and easy access to major transportation routes. The asking price for this exceptional property is $2,600,000. This is a rare chance to acquire a substantial commercial land holding in a thriving area with significant growth potential. The property's corner location at the intersection of Route 52 and Gougar Road provides optimal visibility and accessibility, making it an ideal location for businesses seeking high traffic exposure. Detailed site plans and zoning information are available upon request. Don't miss this opportunity to secure a prime piece of commercial real estate in a rapidly developing market. The zip code is 60442.

    Property Features for 0000 Rte 52

    General Information

    Property type
    Land
    Lot Size
    261,360 SF

    HighLights

    • $2,600,000 asking price.
    • 6‑acre commercial land parcel.
    • Located in Manhattan, IL, Will County, at the corner of Route 52 and Gougar Road.
    • High visibility location on busy Route 52, ideal for retail, entertainment, or hospitality.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Manhattan
    County
    Will
    State
    Illinois
    Longitude
    -87.9530849
    Latitude
    41.4030848

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    FAQs

    What type of property is this?
    Land - Prime 6-acre commercial lot, high visibility.
    Where is this land located?
    The property is located at 0000 Rte 52 Manhattan, IL.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: $2,600,000 asking price.; 6-acre commercial land parcel.; Located in Manhattan, IL, Will County, at the corner of Route 52 and Gougar Road.
    Request Owner's contact information
    0000 Rte 52 Manhattan, IL 60442
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    Manhattan, IL 60442
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    0000 Rte 52 Manhattan, IL 60442
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