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Investment Highlights

  • High visibility

Executive Summary

- Annexed into the Village of Manhattan
- Zoning: a vast majority is R-5, with the Development Agreement stipulating specific land use within the zoning category (single family, multi-family, commercial, industrial). Zoning for the remainder of the property is C-3 and BPD (business park district). Refer to the PDF document titled "Development Agreement" in the documents section for further information.
- Sewer and Water runs adjacent to the railroad tracks on the property.
Cooperating commission paid to outside broker representing a buyer.

Property Facts

Price $15,720,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 392.96 AC
Cross Streets Baker Rd
Zoning R-5, C-3, BPD

1 Lot Available

Lot

Price $15,720,000
Price Per AC $40,004.07
Lot Size 392.96 AC

- 392.96 acres prime for residential development - Annexed into the Village of Manhattan - Sewer and Water running North-South along the entire length of the property - Mixed Zoning: R-5, C-3, BPD

Description

- 392.96 acres prime for residential development - Annexed into the Village of Manhattan - Sewer and Water running North-South along the entire length of the property - Mixed Zoning: R-5, C-3, BPD

Not walkable
10/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
  • Listing ID: 13529609

  • Date on Market: 8/17/2018

  • Last Updated:

  • Address: Cedar Rd, Manhattan, IL 60442

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