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    OFF-MARKET
    Land

    3311 Ireland Grove Rd, Bloomington, IL 61704

    122.16 ac lot
    Property ID
    Property summary
    AI-generated overview

    Exceptional investment opportunity: 122.16 acres of prime farmland in Bloomington Township, McLean County, Illinois. This property, located at 3311 Ireland Grove Road, Bloomington, IL 61704 (APN: 21-13-200-009, 21-13-200-013), is zoned Agricultural, resulting in low property tax assessments. The land boasts highly productive soils, ideal for agricultural use. Currently under a one-year agricultural lease expiring February 27, 2025, this lease is transferable to the new owner. Adding to the property's value is a cellular tower lease located on the southeast corner; this lease is included with the sale of the land but is not sold separately. The asking price is $4,550,460 ($37,250 per acre). All mineral rights owned by the seller will be conveyed. This property is designated as an emerging neighborhood area in the City of Bloomington's 2015-2035 Comprehensive Plan, presenting significant long-term growth potential. Fee simple ownership.

    Property profile
    Verified
    Property type Land
    Lot 122.16 ac (5,321,290 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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