Technical
Financial
Distress signals
Property profile

Manhattan, IL 60442

OFF-MARKET
Land
1.35 ac lot
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Property summary

AI-generated overview

This exceptional 1.35-acre commercial land parcel is strategically located in Manhattan, Illinois, at the intersection of S US Rt 52 and Benck Dr (Lot 5). The property boasts excellent frontage on a major thoroughfare, ensuring high visibility and significant traffic exposure for any commercial development. Its prime location offers unparalleled accessibility and visibility to a large customer base. The asking price for this exceptional opportunity is $399,000. The lot's size provides ample space for a variety of commercial ventures, from retail establishments to office buildings or other suitable commercial uses. The high traffic count on this road makes it an ideal location for businesses seeking maximum exposure. This property presents a unique investment opportunity for developers and entrepreneurs looking to capitalize on a high-traffic location in a growing area. The property is zoned for commercial use (verification of zoning with local authorities is recommended). This is a single lot purchase, although the listing mentions the possibility of purchasing multiple adjacent lots. Detailed site plans and surveys are available upon request. Don't miss this chance to secure a prime commercial location in a thriving market. Act quickly, as opportunities like this are rare.

Property profile

Verified
Property type Land
Lot 1.35 ac (58,806 SF)

Cap rate & NOI

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

Location

Manhattan, IL 60442
Manhattan metro
Google Maps

Value estimations

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