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    OFF-MARKET
    Land

    50 Rte, Manteno, IL 60950

    Property ID
    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
    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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