0 Section 18, Momence, IL 60954
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.