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    Spruce St Manteno, IL 60950

    Sponsored
    For Sale
    $2,069,973

    10.56 Acres, C-2 Zoning, I-57 Access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 10.56-acre commercial land parcel presents a prime investment opportunity in Manteno, Illinois. Strategically located with nearly 600 feet of frontage on I-57 and less than half a mile from the I-57 and Division Street interchange, this property boasts unparalleled visibility and accessibility. The site is comprised of two lots: Lot #2 (5.56 acres or 242,194 square feet) and Lot #3 (5 acres or 217,800 square feet), totaling 459,994 square feet. Zoned C-2, this land offers significant development potential. City water, sewer, and utilities are readily available, simplifying the development process. The property benefits from its location within the Kankakee County Enterprise Zone, potentially offering economic incentives. With over 32,700 vehicles passing daily on I-57, this location ensures high traffic volume and excellent exposure for any commercial venture. The asking price is $2,069,973, translating to $4.50 per square foot. The property's APN numbers are 03022110002200 and 03022110002300. This is a rare opportunity to acquire a fully developed commercial lot in a high-traffic area with excellent access to major transportation routes.

    Property Features for 0 Spruce St

    General Information

    Property type
    Land
    Lot Size
    459,994 SF

    HighLights

    • $2,069,973 asking price for 10.56 acres of commercial land.
    • C‑2 zoning.
    • 10.56‑acre lot with a land value of $4.50/SF.
    • Located in Manteno, IL, Kankakee County, with city water, sewer, and utilities available.
    • Less than half a mile from the I‑57 Interchange, offering over 600 feet of I‑57 frontage and high visibility (over 32,700 vehicles per day).
    • Situated within the Kankakee County Enterprise Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Manteno
    County
    Kankakee
    State
    Illinois
    Longitude
    -87.858180614945
    Latitude
    41.245068608524

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    FAQs

    What type of property is this?
    Land - 10.56 Acres, C-2 Zoning, I-57 Access
    Where is this land located?
    The property is located at Spruce St Manteno, IL.
    What is the asking price?
    The asking price for this property is $2,069,973.
    What are key features of this property?
    This property features: $2,069,973 asking price for 10.56 acres of commercial land.; C-2 zoning.; 10.56-acre lot with a land value of $4.50/SF.
    (815) 546-1679
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    Spruce St 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
    Spruce St Manteno, IL 60950
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