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Property profile

0 Sweedler Rd Manhattan, IL 60442

OFF-MARKET
Land
10 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 10 ac (435,600 SF)

Cap rate & NOI

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

Location

Sweedler Rd Manhattan, IL 60442
Manhattan 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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