Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Holt Rd Minooka, IL 60447
    Back to Search
    Property profile & analytics

    Holt Rd, Minooka, IL 60447

    View on Map
    • Land
    • 58.24 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Holt Rd

    Lot size
    58.24 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Minooka
    County
    Grundy
    State
    Illinois
    Longitude
    -88.2912
    Latitude
    41.4691

    Comparable in this City

    • Value Estimation by Request
      16.00 Acres

      4375 Van Dyke Rd

      Farms
      4375 Van Dyke Rd, Minooka, IL 60447
      View Details
    • Value Estimation by Request

      Ridge Rd

      Farms
      0 Ridge Rd, Minooka, IL 60447
      View Details
    • Value Estimation by Request
      2.00 Acres

      Minooka IL Twin Rail Dr & Mclinden Rd

      Land
      Minooka IL Twin Rail Dr & Mclinden Rd, Minooka, IL 60447
      View Details
    • Value Estimation
      $765,000
      15,600 SF

      1400 Cargo Ct

      INDUSTRIAL (GENERAL)
      1400 Cargo Ct, Minooka, IL 60447-8442
      View Details
    • Value Estimation
      $4,830,000
      456,860 SF

      456 International Pkwy

      INDUSTRIAL (GENERAL)
      456 International Pkwy, Minooka, IL 60447-9414
      View Details
    • Value Estimation
      $1,085,000
      22,925 SF

      600 Twin Rail Dr

      INDUSTRIAL (GENERAL)
      600 Twin Rail Dr, Minooka, IL 60447-9465
      View Details

    Similar Nearby for Sale

    • $250,000

      Land Parcel For Sale

      Land available for purchase in Minooka, Illinois.
      4500 Bell Rd, Minooka, IL 60447
      View Details
    • $509,652
      1.00 Acre

      Prime Minooka Land - B-1 Zoning

      1.56 Acres, Pad-Ready, High Visibility
      0000 Nwc-Áus-Ároute-Á6 & Waters-Áedge Dr, Minooka, IL 60447
      View Details
    • Contact for pricing

      78 Acres Vacant Farmland Parcel

      Vacant farmland near Minooka and Shorewood, Illinois, with development potential.
      Ridge Rd, Minooka, IL 60447
      View Details
    • Contact for pricing

      Minooka Industrial Land For Sale

      Industrial land available for sale or lease in Minooka, Illinois.
      Minooka Twin Rail Dr & Mclinden Rd, Minooka, IL 60447
      View Details
    • Contact for pricing

      Ridge Road Outlot For Sale

      One-acre commercial outlot available for sale or build-to-suit.
      2051 N Ridge Rd, Minooka, IL 60447
      View Details
    • Contact for pricing

      Ridge Road Commercial Outlot

      One acre commercial outlot with high visibility for sale.
      2057 Ridge Rd, Minooka, IL 60447
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      291,600 SF

      Industrial Land For Lease

      291,600 SF industrial land available for lease.
      Cargo Rd, Minooka, IL 60447
      View Details
    • Contact for pricing
      144,650 SF

      Industrial Property Under Construction

      Industrial property available for rent, currently under construction.
      Minooka Rd, Minooka, IL 60447
      View Details
    • Contact for pricing
      409,050 SF

      Industrial Property Proposed Construction

      Proposed industrial property construction with 409,050 square feet in Minooka.
      Minooka Rd, Minooka, IL 60447
      View Details
    • Contact for pricing
      1,426,000 SF

      Minooka Warehouse with I-80 Frontage

      1,159,670 SF warehouse with excellent I-80 visibility.
      1001 Midpoint Rd, Minooka, IL 60447
      View Details
    • Contact for pricing

      Industrial Space in Growing Corridor

      Located in the expanding I-80 industrial and logistics corridor.
      103 Industrial Dr, Minooka, IL 60447
      View Details
    • Contact for pricing
      409,050 SF

      Industrial Building in Minooka, IL

      Proposed 409,050 SF industrial space with superior interstate access.
      S Internationale Pkwy, Minooka, IL 60447
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Holt Rd
    Minooka, IL 60447
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Holt Rd, Minooka, IL, 60447
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!