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    OFF-MARKET
    Land

    Manhattan, IL 60442

    1.35 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    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
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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