16540 Sweedler Rd, Manhattan, IL 60442
This exceptional 32-acre agricultural property, located at 16540 W Sweedler Rd, Manhattan, IL 60442 (APN: 14-12-19-100-004-0000), presents a unique investment opportunity. Zoned A-1 Agriculture, this parcel boasts a productive soil profile (PI 117.9) with approximately 30.27 tillable acres. Situated just outside Manhattan's western city limits, near the intersection of Cherry Hill Road and W Sweedler Road, the land benefits from its proximity to existing and planned developments. To the east and south, single-family residential areas are expanding, while a large, approximately 4,000-acre warehouse complex is planned across Cherry Hill Road. The property's strategic location offers significant potential for both continued agricultural use and future development, capitalizing on Manhattan's growth and its proximity to major transportation routes and Chicago. The asking price is $487,500, translating to $15,000 per acre. An additional, separately listed 10-acre parcel is also available. Manhattan, IL's fertile soil, robust agricultural sector, and supportive local government policies create a compelling investment environment for both farming and real estate ventures. This property offers a blend of immediate income potential and long-term development upside.
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
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Property description
Physical attributes from public recordsZoning & alternative use
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.