Property profile

0 Spruce St Manteno, IL 60950

OFF-MARKET
Land
10.56 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 10.56-acre commercial land parcel presents a prime investment opportunity in Manteno, Illinois. Strategically located with nearly 600 feet of frontage on I-57 and less than half a mile from the I-57 and Division Street interchange, this property boasts unparalleled visibility and accessibility. The site is comprised of two lots: Lot #2 (5.56 acres or 242,194 square feet) and Lot #3 (5 acres or 217,800 square feet), totaling 459,994 square feet. Zoned C-2, this land offers significant development potential. City water, sewer, and utilities are readily available, simplifying the development process. The property benefits from its location within the Kankakee County Enterprise Zone, potentially offering economic incentives. With over 32,700 vehicles passing daily on I-57, this location ensures high traffic volume and excellent exposure for any commercial venture. The asking price is $2,069,973, translating to $4.50 per square foot. The property's APN numbers are 03022110002200 and 03022110002300. This is a rare opportunity to acquire a fully developed commercial lot in a high-traffic area with excellent access to major transportation routes.

Property profile

Verified
Property type Land
Lot 10.56 ac (459,994 SF)

Cap rate & NOI

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

Location

Spruce St Manteno, IL 60950
Manteno metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Spruce St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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