16450 Cedar Rd Homer Glen, IL 60491
This exceptional 4.7-acre parcel of agricultural land presents a unique investment opportunity in the thriving community of Homer Glen, Illinois. Located at 16450 S Cedar Rd, this property boasts an impressive 634 feet of frontage on Cedar Road, a major thoroughfare experiencing high daily traffic volume – approximately 5,000 vehicles per day according to the Illinois Department of Transportation (IDOT). The land is zoned A1, allowing for a variety of agricultural uses. While currently lacking direct street access, the property's strategic location offers significant potential for development. Its proximity to farms, schools, and an outdoor event venue adds to its appeal. The asking price for this prime piece of land is $699,000. This represents a compelling opportunity for investors seeking to capitalize on the growth and potential of this desirable area in Will County, Illinois, zip code 60491. The property's size and location make it ideal for various agricultural ventures or future development projects. Serious inquiries are encouraged.
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
Similar Nearby for Lease
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.