Manhattan, IL 60442
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.