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Property profile

16540 Sweedler Rd Manhattan, IL 60442

OFF-MARKET
Land
Property ID
US28-1190796
32 ac lot
Trust Owned 7-yr Hold
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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 Land
Lot 32 ac (1,393,920 SF)
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

Location

16540 Sweedler Rd Manhattan, IL 60442
Manhattan metro
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Value estimations

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Owner & transaction history

since 2019
2 recorded transactions
2019
Price N/A
2019
Price N/A

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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