61320 Plank Rd Cherry, IL 61312
This exceptional 98-acre industrial land parcel presents a unique investment opportunity in Arlington, Illinois. Priced at $4,900,000 ($1.15/sq ft), this fully improved site boasts a strategic location just half a mile from the I-80/I-39 interchange at Plank Road (61320 Plank Rd, Arlington, IL 61312). The property offers 3,880 linear feet of BNSF Railway frontage, ensuring seamless freight transportation. All utilities are readily available, and the site is zoned and annexed for immediate development. Benefit from the advantages of a Tax Increment Finance district (TIF), Enterprise Zone designation, and eligibility for Foreign Trade Zone status. This location provides access to an affordable and skilled workforce, offering a cost-effective alternative to more established industrial markets along I-55 and I-80 in Joliet. The total square footage is 4,268,880, making it ideal for large-scale industrial projects. The property's prime location and comprehensive infrastructure make it an attractive option for businesses seeking efficient operations and strategic growth. The per-acre price is $50,000.
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
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.