22522 Cedar Rd, Manhattan, IL 60442
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.
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.