Property profile

50 Rte Manteno, IL 60950

OFF-MARKET
Land
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Property summary

AI-generated overview

This exceptional commercial land offering encompasses three parcels totaling over half an acre (.50+/- acres) along the bustling Route 50 corridor in Manteno, Illinois. The combined lot size is 20,286 square feet, presenting a significant opportunity for various commercial ventures. Strategically positioned just south of Berkots Super Foods and directly across from established local businesses, this corner lot benefits from high visibility and convenient access. The property's zoning designation is FB1, offering flexibility for a range of commercial uses. The asking price is $124,900, translating to a land value of $268,141 per acre. The property's prime location along Route 50 ensures substantial foot and vehicle traffic, making it an attractive investment for businesses seeking high exposure. The APN numbers for the three parcels are 03-02-15-320-012, 03-02-15-321-011, and 03-02-15-321-013. This property presents a rare opportunity to establish a thriving business in a high-demand commercial area of Manteno, IL, zip code 60950, within Kankakee County. Don't miss this chance to capitalize on this prime location.

Property profile

Verified
Property type Land

Cap rate & NOI

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

Location

50 Rte Manteno, IL 60950
Manteno metro
Google Maps

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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