0 Ivanhoe Blvd, Manhattan, IL 60442
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.