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    OFF-MARKET
    Land

    52 Rte, Manhattan, IL 60442

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    AI-generated overview

    This exceptional 68-acre property presents a unique investment opportunity in the thriving Will County, Illinois market. Comprising two parcels (APN: 14-12-06-200-018-0000, 14-12-06-200-016-0000), this vacant farmland boasts a remarkable half-mile of frontage along Route 52/Manhattan Road, strategically positioned between the bustling cities of Manhattan and Joliet, Illinois. The land is currently zoned for agricultural use, offering significant potential for future commercial development. With a Soil Productivity Index (PI) of 124.3, the land possesses inherent agricultural value, adding to its overall appeal. Its prime location offers unparalleled access to major transportation arteries, including Interstates 80 and 55, ensuring seamless connectivity for businesses of all sizes. The area's blend of urban accessibility and suburban charm makes it an attractive location for a diverse range of commercial enterprises, from retail and industrial spaces to office developments. The proximity to Chicago provides access to a vast consumer base, while the lower operating costs compared to the city offer a significant competitive advantage. This property represents a rare chance to capitalize on the burgeoning commercial growth in the Joliet/Manhattan area, offering substantial potential for long-term investment returns. The asking price for this significant landholding is $2,816,000. Don't miss this opportunity to secure a prime piece of real estate in a rapidly developing region.

    Property profile
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    Property type Land
    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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