0 Sweedler Rd, Manhattan, IL 60442
This exceptional 10-acre agricultural property in Manhattan, Illinois, presents a unique investment opportunity. Located in the desirable Lincoln-Way High School district, this parcel boasts a rich soil profile (PI of 122.3) with approximately 8.98 tillable acres, ideal for farming operations. The property's A-1 agricultural zoning allows for continued agricultural use. However, its strategic location just outside the western city limits, near the intersection of Cherry Hill Road and W Sweedler Rd (APN: 14-12-19-100-023-0000), offers significant potential for future development. Surrounding areas are experiencing growth in single-family residential construction, suggesting strong potential for future rezoning and development. The property is priced at $220,000, or $20,618 per acre. Note that an adjacent, separately listed 32-acre parcel is also available. Manhattan's location near major highways and its proximity to Chicago provide excellent access to transportation and markets, making this property attractive for both agricultural and development ventures. The area's strong economic growth and supportive local government policies further enhance its investment appeal. This is a rare opportunity to acquire a substantial land holding in a rapidly developing area.
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
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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.