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    9300 Rte Manteno, IL 60950

    Sponsored
    For Sale
    $7,038,000

    153 Acres, $7M, High Development Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 153-acre agricultural property, located at 9300 N Rte 45/52 in Manteno, Illinois (zip code 60950), presents a significant investment opportunity. The land is zoned for agriculture (APN: 03021840001700) and offered via fee simple ownership. Its strategic location offers compelling advantages for future development. The property boasts convenient access to city sewer and water, a significant benefit for potential projects. Furthermore, its adjacency to the planned site of the new Manteno High School suggests strong potential for future growth and increased property value. This expansive parcel presents a rare chance to acquire a substantial land holding in a rapidly developing area of Kankakee County. The asking price for this remarkable property is $7,038,000. Detailed surveys and environmental reports are available upon request. Serious inquiries only.

    Property Features for 9300 Rte

    General Information

    Property type
    Farms
    Lot Size
    6,664,680 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Manteno
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.7960067
    Latitude
    41.2397569

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    FAQs

    What type of property is this?
    Farm - 153 Acres, $7M, High Development Potential
    Where is this farm located?
    The property is located at 9300 Rte Manteno, IL.
    What is the asking price?
    The asking price for this property is $7,038,000.
    Request Owner's contact information
    9300 Rte Manteno, IL 60950
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    Manteno, IL 60950
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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
    9300 Rte Manteno, IL 60950
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