Technical
Financial
Distress signals
Property profile

0 Kankakee St Manhattan, IL 60442

OFF-MARKET
Land
39 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 39-acre agricultural property, located on S Kankakee Street in Manhattan, Illinois (zip code 60442), presents a unique investment opportunity. The land, identified by APN 14-12-26-300-007-0000, is zoned A-1 Agriculture and offers significant potential for both continued agricultural use and future industrial development. Situated near the Manhattan power plant, this sizable parcel boasts approximately 37 tillable acres, ideal for farming operations. The soil productivity index (PI) is rated at 123.1, indicating fertile and productive land. With its convenient frontage on S Kankakee Street in Will County, this property offers excellent accessibility. The asking price is $1,365,000, translating to $35,000 per acre. This represents a compelling opportunity for investors seeking a versatile land holding with strong potential for future growth and returns. The property's strategic location and substantial acreage make it an attractive prospect for a variety of uses, from continued agricultural production to potential industrial development projects. Don't miss this chance to acquire a significant land asset in a rapidly developing area.

Property profile

Verified
Property type Land
Lot 39 ac (1,698,840 SF)

Cap rate & NOI

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

Location

Kankakee St Manhattan, IL 60442
Manhattan metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own Kankakee St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message