Property profile

0 Section 18 Momence, IL 60954

OFF-MARKET
Land
40.53 ac lot
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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

Location

Section 18 Momence, IL 60954
Momence metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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