Technical
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Property profile

16450 Cedar Rd Homer Glen, IL 60491

OFF-MARKET
Land
4.7 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 4.7 ac (204,732 SF)

Cap rate & NOI

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

Location

16450 Cedar Rd Homer Glen, IL 60491
Homer Glen 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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