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    187Th St Mokena, IL 60448

    Sponsored
    For Sale
    $2,625,000

    Prime I-80 frontage, agricultural zoning, development potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 35-acre parcel in Mokena, Illinois, presents a unique investment opportunity. Located along I-80, this property boasts significant visibility and convenient access. Currently utilized for farming, the land features a soil productivity index (PI) of 119.3. While approximately 8.6 acres are unusable due to a creek, high-line towers, and a pipeline, the remaining acreage offers substantial development potential. The Mokena Comprehensive Plan designates the area for office development, making this an attractive site for commercial construction. Alternatively, the property could be suitable for residential development, such as townhomes, apartments, or duplexes, subject to Village of Mokena approval. Note that an additional 25 acres are available to the east, though under separate ownership. The property's APN is 19-09-05-200-005-0000, and its address is W 187th St, Mokena, IL 60448. The asking price for this significant land holding is $2,625,000. This property is zoned for agriculture.

    Property Features for 0 187Th St

    General Information

    Property type
    Farms
    Lot Size
    1,524,600 SF

    HighLights

    • $2,625,000 asking price.
    • 35‑acre agricultural land parcel.
    • Located in Mokena, IL (Will County), with excellent I‑80 visibility.
    • Currently used for farming; soil PI 119.3.
    • Mokena Comprehensive Plan designates area for potential office development; also suitable for residential (townhomes, apartments, or duplexes, subject to zoning approval).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Mokena
    County
    Will
    State
    Illinois
    Longitude
    -87.871
    Latitude
    41.5504

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    FAQs

    What type of property is this?
    Farm - Prime I-80 frontage, agricultural zoning, development potential.
    Where is this farm located?
    The property is located at 187Th St Mokena, IL.
    What is the asking price?
    The asking price for this property is $2,625,000.
    What are key features of this property?
    This property features: $2,625,000 asking price.; 35-acre agricultural land parcel.; Located in Mokena, IL (Will County), with excellent I-80 visibility.
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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
    187Th St Mokena, IL 60448
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