This exceptional 35-acre parcel in Mokena, Illinois, presents a unique investment opportunity. Located along I-80, this property boasts significant visibility and convenient access. Currently utilized for farming, the land features a soil productivity index (PI) of 119.3. While approximately 8.6 acres are unusable due to a creek, high-line towers, and a pipeline, the remaining acreage offers substantial development potential. The Mokena Comprehensive Plan designates the area for office development, making this an attractive site for commercial construction. Alternatively, the property could be suitable for residential development, such as townhomes, apartments, or duplexes, subject to Village of Mokena approval. Note that an additional 25 acres are available to the east, though under separate ownership. The property's APN is 19-09-05-200-005-0000, and its address is W 187th St, Mokena, IL 60448. The asking price for this significant land holding is $2,625,000. This property is zoned for agriculture.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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No recorded transactions found for this property.
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Risks
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