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W Sweedler - 32 AC Manhattan Township Farm

32 Acres of Commercial Land Offered at $691,017 CAD in Manhattan, IL 60442

Investment Highlights

  • Development potential

Financial Summary (Actual - 2022)

Annual (CAD) Annual Per AC (CAD)
Taxes $1,412 $44.12
Operating Expenses - -
Total Expenses $1,412 $44.12

Financial Summary (Actual - 2022)

Taxes (CAD)
Annual $1,412
Annual Per AC $44.12
Operating Expenses (CAD)
Annual -
Annual Per AC -
Total Expenses (CAD)
Annual $1,412
Annual Per AC $44.12

Property Facts

Price $691,017 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Agricultural
Total Lot Size 32.00 AC

1 Lot Available

Lot

Price $691,017 CAD
Price Per AC $21,594 CAD
Lot Size 32.00 AC

A 32 acres parcel on the west side of Manhattan, IL city limits. Some floodplain, good soils, excellent road frontage.

Description

A 32 acre parcel available just outside the western Manhattan, IL city limits, located off the northeast intersection of Cherry Hill Road and W Sweedler Road. It has Soil PI of 117.9 and approximately 30.27 tillable acres. While the current farm has rich and productive soil, there is also a possibility for development with continued single family residential development just to the east and south of the property. There are also plans of a large warehouse complex that would span about 4,000 acres on the west side of Cherry Hill Road directly across from W Sweedler Road. An approximately 10 acre connected parcel, listed separately, is also available. Investing in farm and development land in Manhattan, IL offers numerous benefits. The area is known for its fertile soil and robust agricultural potential, making it ideal for farming ventures. Additionally, Manhattan's strategic location near major highways and proximity to Chicago enhances its attractiveness for development projects. Investors can capitalize on the growing demand for suburban housing and commercial spaces, driven by the area's expanding population and economic growth. Moreover, the local government’s supportive policies towards development and infrastructure improvements add to the potential for high returns on investment, making Manhattan, IL a promising choice for both agricultural and real estate endeavors.

zoning

Zoning Code A-1 Agriculture
A-1 Agriculture
  • Listing ID: 33121098

  • Date on Market: 2024-09-10

  • Last Updated:

  • Address: W Sweedler, Manhattan, IL 60442

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