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Property profile & analytics
OFF-MARKET
Land

61320 Plank Rd Cherry, IL 61312

4,268,880 SF 98 ac lot
Property ID
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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