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    Ivanhoe Blvd Manhattan, IL 60442

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    For Sale
    Contact for pricing

    12-acre commercial lot, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 12-acre commercial land parcel presents a unique investment opportunity in Manhattan, Illinois. Located on Ivanhoe Boulevard, this property boasts excellent visibility from Highway 52, ensuring high traffic exposure for any commercial development. The land is zoned C-3, allowing for a wide range of commercial uses. Utilities are conveniently located near the site, simplifying infrastructure development. A significant advantage is the presence of a master detention system, addressing crucial stormwater management needs. The area is experiencing substantial growth, as evidenced by the recent construction of 223 homes in Phase 1 of a nearby DR Horton development. This suggests a strong and expanding residential base, creating a robust potential customer pool for commercial ventures. The expansive lot size offers ample space for large-scale projects, providing flexibility for diverse development plans. This property's strategic location, combined with its zoning and infrastructure advantages, makes it an ideal site for businesses seeking high visibility and convenient access to a growing community. The property is situated in Will County, Illinois, with a zip code of 60442. Serious inquiries are encouraged.

    Property Features for 0 Ivanhoe Blvd

    General Information

    Property type
    Land
    Lot Size
    522,720 SF

    HighLights

    • 12‑acre commercial land parcel in Manhattan, IL, offering high visibility from Highway 52.
    • C‑3 zoning allows for diverse commercial uses.
    • Utilities readily available, and a master detention system is in place.
    • Strong residential growth nearby, with a new 223‑home development.
    • Large lot size suitable for substantial projects.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Manhattan
    County
    Will
    State
    Illinois
    Longitude
    -87.97800548038
    Latitude
    41.41082089387

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    FAQs

    What type of property is this?
    Land - 12-acre commercial lot, prime location.
    Where is this land located?
    The property is located at Ivanhoe Blvd Manhattan, IL.
    What are key features of this property?
    This property features: 12-acre commercial land parcel in Manhattan, IL, offering high visibility from Highway 52.; C-3 zoning allows for diverse commercial uses.; Utilities readily available, and a master detention system is in place.
    Request Owner's contact information
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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
    Ivanhoe Blvd Manhattan, IL 60442
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