This exceptional 58.237-acre agricultural property, located at the southwest corner of Holt Road and Wabena Road in Minooka, Illinois (zip code 60447), presents a unique investment opportunity. The land boasts excellent visibility and accessibility, situated just half a mile east of Ridge Road and the I-80 exit at Ridge Road, providing unparalleled access to major transportation arteries. Its strategic location offers easy connectivity to both the east-west and north-south interstate systems around the Chicago metro area, making it ideal for logistical centers, office spaces, or light industrial development. The property is zoned for agricultural use, but the Minooka Village Comprehensive Plan designates this area for light industrial, office, and research (ORI) development. The current agricultural lease expires March 1st, 2025, providing a short-term income stream during the due diligence and approval process for any future development. The APN is 0936300009. This property offers a rare blend of immediate income potential and long-term development upside in a highly desirable location. The asking price is $6,515,300. The property's proximity to I-80 and its planned use for ORI development make it a compelling investment for those seeking a strategic foothold in the thriving Chicago industrial market. The site offers significant I-80 exposure.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.