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    OFF-MARKET
    Land

    0 Sweedler Rd, Manhattan, IL 60442

    10 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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