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    OFF-MARKET
    Land

    0 Ivanhoe Blvd, Manhattan, IL 60442

    12 ac lot
    Property ID
    Property summary
    AI-generated overview

    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 profile
    Verified
    Property type Land
    Lot 12 ac (522,720 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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