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NEC OF BRUNS ROAD & CHERRY HILL ROAD
Manhattan, IL 60442
Land For Sale
·
239.30 AC
Investment Highlights
- School Impact Fees of over $1 Million were paid by the original Developer and go with the land
- Asking: $45,000 / per acre
- Current plans on site call for 169 townhome units and 456 single-family homes
Executive Summary
This ±239.3-acre land offering presents a prime residential development opportunity in Manhattan, Illinois. The property is currently zoned R1-PD (Single Family Residential District) and has conceptual plans in place for 169 townhome units and 456 single-family homes. Located within Manhattan School District 114, the site benefits from over $1 million in previously paid school impact fees. The property offers excellent regional connectivity with convenient access to I-80, I-57, and I-55, and is situated in close proximity to the Manhattan Metra Station. The assemblage includes multiple parcels (PINs on file) and carries favorable farm and homestead taxes, with 2026 taxes totaling $17,647.64. Offered at $45,000 per acre, this site presents a well-positioned opportunity for large-scale residential development in a growing suburban corridor.
Property Facts
| Sale Type | Investment | Property Subtype | Agricultural |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 239.30 AC |
| Zoning | R1-PD - Single Family Residential District | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Agricultural |
| Proposed Use | |
| Total Lot Size | 239.30 AC |
| Zoning | R1-PD - Single Family Residential District |
1 Lot Available
Lot
| Price | $13,198,500 | Lot Size | 239.30 AC |
| Price Per AC | $55,154.62 |
| Price | $13,198,500 |
| Price Per AC | $55,154.62 |
| Lot Size | 239.30 AC |
Property Taxes
| Parcel Numbers | Improvements Assessment | $46,850 | |
| Land Assessment | $96,222 | Total Assessment | $143,072 |
Property Taxes
Parcel Numbers
Land Assessment
$96,222
Improvements Assessment
$46,850
Total Assessment
$143,072
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