Property profile

7500 Il-50 Manteno, IL 60950

OFF-MARKET
Land
51 ac lot
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Property summary

AI-generated overview

This exceptional 51-acre agricultural property in Manteno, Illinois, presents a unique investment opportunity. Located at 7500 N Rt 50, Kankakee County, IL 60950, this fee simple land boasts significant road frontage along Route 50 and 2000E, providing unparalleled visibility and accessibility. The property's strategic location north of the Manteno Quarry ensures high traffic exposure, ideal for a variety of agricultural ventures. The land itself is characterized by high-quality soils, boasting a productivity index (PI) of 112.8, indicating fertile and productive land suitable for various farming operations. Current tenants are in place, demonstrating the property's established agricultural viability. With over 1600 feet of road frontage, this property offers substantial development potential and is zoned for agricultural use. The asking price for this remarkable opportunity is $3,825,000. This is a rare chance to acquire a substantial, high-performing agricultural tract in a prime location. The coordinates are 41.220848975896395 latitude and -87.84608047434105 longitude.

Property profile

Verified
Property type Land
Lot 51 ac (2,221,560 SF)

Cap rate & NOI

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

Location

7500 Il-50 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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