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Property profile

0 Cedar Rd Manhattan, IL 60442

OFF-MARKET
Land
32 ac lot
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Property summary

AI-generated overview

This exceptional 32-acre agricultural property in Manhattan, Illinois, presents a unique investment opportunity. Located on S Cedar Road, this parcel boasts a Soil Productivity Index (SPI) of 124.7 and is nearly 100% tillable, ideal for continued agricultural use. The asking price is $642,770, translating to $19,900 per acre. The property's APN is 14-12-10-300-015-0000. Its advantageous location offers both rural tranquility and suburban convenience, situated a short distance from Chicago. The property is zoned for agriculture. While primarily farmland, the property's proximity to the Hanover Estates residential neighborhood to the north and two residential lots to the west may present future development possibilities. This land offers fertile soil, perfect for farming and livestock, with easy access to major highways and amenities. Enjoy the peaceful surroundings and panoramic views, making it suitable for those seeking a serene retreat or expansion of agricultural operations. This is a rare chance to own a piece of desirable Illinois farmland. The property is situated in Will County, Illinois, with a zip code of 60442. The coordinates are 41.44424 latitude and -87.9581 longitude.

Property profile

Verified
Property type Land
Lot 32 ac (1,393,920 SF)

Cap rate & NOI

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

Location

Cedar Rd Manhattan, IL 60442
Manhattan metro
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Value estimations

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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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