Property profile

1024 Lincoln Dr Manteno, IL 60950

OFF-MARKET
Commercial land
Property ID
US28-4693635
0.41 ac lot
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.46-acre commercial land parcel, located at 1024 Lincoln Dr in Manteno, Illinois (zip code 60950), presents a unique investment opportunity. Situated in Kankakee County, this property boasts a sizable 20,037 square feet of land, ideal for various commercial developments. The asking price is $100,000. The property is conveniently located just west of a shared parking lot, offering existing parking and the potential to expand parking further by developing the adjacent lot to the east. This strategic positioning ensures excellent visibility and accessibility for any future business. Annual property taxes are $1,520. The property's latitude and longitude coordinates are 41.250818 and -87.855435 respectively. This is a blank canvas ready for your vision, offering significant potential for growth and return on investment. Don't miss this chance to acquire a prime commercial lot in a thriving Illinois community.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 0.41 ac (17,896 SF)
APN 03-02-16-300-047
UPID US28-4693635

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1024 Lincoln Dr Manteno, IL 60950-9392
Manteno metro Census 10201 KANKAKEE-BRADLEY, IL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$340k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$350k

Owner & transaction history

since 2023
Last sale
$350,000
3 recorded transactions
2024
Price N/A
2023
$350,000
2008
$322,500

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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