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    OFF-MARKET
    Land

    22522 Cedar Rd, Manhattan, IL 60442

    80 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 80-acre commercial land parcel presents a unique investment opportunity in Manhattan, Illinois. Located in unincorporated New Lenox, this property boasts convenient access to major transportation arteries, including the Laraway Road Metra Station offering daily service to Chicago, and easy access to I-80 and I-355 via Route 30. Its strategic location places it just minutes from Silver Cross Hospital and within the highly-rated New Lenox School District 122, ensuring a strong community presence. The property's high traffic counts, with 8,500 vehicles daily on Cedar Road and 10,050 on Laraway Road, underscore its significant commercial potential. The parcel is identified by APN 15-08-33-200-002 and carries an annual tax burden of $5,757. Priced at $45,000 per acre, this offering represents a compelling value proposition for developers seeking a prime location with excellent infrastructure and accessibility. Detailed information and site plans are available upon request.

    Property profile
    Verified
    Property type Land
    Lot 80 ac (3,484,800 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
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    Comparable Approach Comparable
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    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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