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    OFF-MARKET
    Land

    0 Section 18, Momence, IL 60954

    40.53 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 40.53-acre farm in Momence, Illinois, presents a unique development opportunity. Located in Kankakee County, this fee simple property (APN 051118100037) offers significant potential. Detailed planning for 93 residential lots is already complete, including all necessary engineering drawings. These plans are available for immediate review by prospective buyers. The property's address is Section 18, Momence, IL 60954, with GPS coordinates at 41.1562525 latitude and -87.6383797 longitude. This turnkey project eliminates the time and expense typically associated with land development, allowing for a swift transition to construction. The asking price for this ready-to-build parcel is $1,215,900. All necessary documentation is readily accessible, ensuring a smooth and efficient transaction. This is an exceptional opportunity for developers seeking a high-yield investment with minimal upfront planning and engineering costs. The property's location in Momence provides access to local amenities and infrastructure, further enhancing its appeal. Don't miss this chance to acquire a fully-prepared development site in a desirable location.

    Property profile
    Verified
    Property type Land
    Lot 40.53 ac (1,765,487 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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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