Technical
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Property profile

61320 Plank Rd Cherry, IL 61312

OFF-MARKET
Land
4,268,880 SF 98 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Total area 4,268,880 SF
Lot 98 ac (4,268,880 SF)

Cap rate & NOI

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

Location

61320 Plank Rd Cherry, IL 61312
Cherry metro
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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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