Technical
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Property profile

0 Ivanhoe Blvd Manhattan, IL 60442

OFF-MARKET
Land
12 ac lot
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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

Location

Ivanhoe Blvd Manhattan, IL 60442
Manhattan metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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