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    OFF-MARKET
    Land

    0 Spruce St, Manteno, IL 60950

    10.56 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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