Technical
Financial
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Property profile

22522 Cedar Rd Manhattan, IL 60442

OFF-MARKET
Land
80 ac lot
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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

Location

22522 Cedar Rd Manhattan, IL 60442
Manhattan metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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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