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    Canal Rd Minooka, IL 60447

    Sponsored
    For Sale
    $3,500,000

    Ag-zoned land, excellent I-80 visibility.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 140.19-acre land parcel presents a unique investment opportunity in Minooka, Illinois. Located on Canal Road, this property boasts significant advantages for developers and investors. The land is zoned for agricultural use (Ag), offering flexibility for various projects. Its strategic location provides excellent visibility from Interstate 80, ensuring high traffic exposure. The property's considerable size allows for substantial development potential. Furthermore, the site benefits from the proximity of existing sewer and water lines, simplifying infrastructure development. Multiple stub streets within the property enhance accessibility and potential for subdivision. The asking price is $3,500,000, translating to a land value of $25,000 per acre. The property's contiguity to the Village of Minooka adds to its appeal, offering potential for synergistic development opportunities. This is a rare chance to acquire a large, well-situated tract of land in a growing area of Illinois. The combination of size, location, and infrastructure access makes this property an attractive investment.

    Property Features for 0 Canal Rd

    General Information

    Property type
    Land
    Lot Size
    6,106,676 SF

    HighLights

    • Adjacent to Village of Minooka sewer and water lines.
    • Multiple stub streets provide excellent access.
    • High visibility from I‑80.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Minooka
    County
    Grundy
    State
    Illinois
    Longitude
    -88.2398623
    Latitude
    41.4616056

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    FAQs

    What type of property is this?
    Land - Ag-zoned land, excellent I-80 visibility.
    Where is this land located?
    The property is located at Canal Rd Minooka, IL.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Adjacent to Village of Minooka sewer and water lines.; Multiple stub streets provide excellent access.; High visibility from I-80.
    Request Owner's contact information
    Canal Rd Minooka, IL 60447
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    Minooka, IL 60447
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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
    Canal Rd Minooka, IL 60447
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