Property profile

60901 - Kankakee County Kankakee, IL 60901

OFF-MARKET
Land
6.16 ac lot
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Property summary

AI-generated overview

This exceptional 6.16-acre parcel presents a unique investment opportunity in Kankakee County, Illinois. Situated conveniently near the Limestone Township Library and Limestone Meadows Subdivision, this land offers remarkable versatility. Currently zoned as farmland, the property is part of a larger 73-acre parcel but will be professionally surveyed to create this individual 6.16-acre lot. The address is in Kankakee, IL 60901, specifically located on County Road 2750N in Limestone Township. Its location provides easy access to local amenities and infrastructure. While currently zoned for agricultural use, interested parties are encouraged to independently verify future development possibilities with the Kankakee County zoning department to explore potential commercial or residential uses. The asking price for this fee-simple owned property is $185,000. A significant advantage is the availability of seller financing, making this an attractive option for various buyers. The property's parcel number (APN) is 07-08-26-200-009. Additional acreage in the vicinity may also be available for purchase

Property profile

Verified
Property type Land
Lot 6.16 ac (268,330 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

60901 - Kankakee County Kankakee, IL 60901
Kankakee metro
Google Maps

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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