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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    16540 Sweedler Rd, Manhattan, IL 60442

    32 ac lot
    Trust Owned 7-yr Hold
    Property ID
    US28-1190796
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 32 ac (1,393,920 SF)
    APN 14-12-19-100-004-0000
    UPID US28-1190796
    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
    Blackwood,scott R Living Trust · 7 yrs held
    Blackwood,scott R Living Trust
    since 2019
    2 recorded transactions
    2019
    2019
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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