140 Acre Manhattan Farm
| Status: | Sold |
| County: | Will |
| Township: | Manhattan |
| Address: | 2850 S. Cedar Rd. (estimated address from platbook) Manhattan IL 60442 |
| Gross Land Area: | 140 Acres |
| Hectare Conversion | |
| Property Type: | Vacant Farm Land with Development potential |
| Possible Uses: | Agricultural Production/Future Development |
| Total Investment: | $2,450,000.00 |
| Monetary Conversion | |
| Unit Price: | $17,500.00 per acre |
| Sold Price: | 2120000 |
| Productivity Index (PI): | 121.8 |
| Value Per PI Point: | 124.33 |
| Buildings: | No Buildings on this Parcel |
| Utilities: | Provided by the City of Manhattan |
| Zoning: | A-1 |
For more information contact:
Mark Goodwin
1-815-741-22261-815-741-2226 mgoodwin@bigfarms.com
Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.
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Property Overview
140 total acres on the east-side of Manhattan. This relatively flat to gently rolling 140 acre parcel is located west of the corner of Manhattan-Monee Road and Cedar Road, east of Manhattan, IL. The parcel is adjacent to existing subdivision with utilities readily available from the Village of Manhattan. The property is 9.5 miles south of the Union Pacific Global IV Warehousing and Distribution center, 9.5 miles east of Centerpoint Intermodal in Elwood and southeast of Joliet,The Village of Manhattan is situated minutes from I-55, I-80 and I-57, with easy accessibility to the entire Chicagoland region. Metra rail provides service between Manhattan and downtown Chicago.
The property is also located near the Abraham Lincoln National Cemetery, the Midewin National Tallgrass Prairie, as well as the Chicagoland and Route 66 Speedways.
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Property Map
Listing Details
General Information |
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| Listing Name: | 140 Acre Manhattan Development Farm | |
| Tax ID Number/APN: | 14-12-21-200-003-0000 14-12-21-200-006-0000 |
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| Possible Uses: | Currently being farmed, with Residential Development Potential. | |
| Zoning: | The farm is still zoned A-1 | |
Area & Location |
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| School District: | Wilson Creek School PK-2 Anna McDonald School 3-5 Manhattan Junior High 6-8 Lincoln Way West High School 9-12 |
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| Location Description: | This relatively flat 140 acre parcel is located southeast of Joliet, west of the corner of Manhattan-Monee Road and Cedar Road, east of Manhattan, IL and northeast of Elwood, IL. The property is 9.5 miles south of the Union Pacific Global IV Warehousing and Distribution center, 9.5 miles east of Centerpoint Intermodal in Elwood. The Village of Manhattan is situated minutes from I-55, I-80 and I-57, with easy accessibility to the entire Chicagoland region. Metra rail provides service between Manhattan and downtown Chicago. The property is also located near the Abraham Lincoln National Cemetery, the Midewin National Tallgrass Prairie, as well as the Chicagoland and Route 66 Speedways. |
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| Site Description: | This relatively flat to gently rolling 140 acre parcel is located near the intersection of Manhattan Monee Road and Cedar Road, east of Manhattan, IL and south of Joliet IL in Manhattan Township Will County, IL. This intersection has approximately 10,000 cars pass by daily. | |
| Side of Street: | This 140 Acre property sits south of Manhattan-Monee Road and west of Cedar Road. | |
| Highway Access: | I-80 is 7.7 miles to the north via Cedar Road and I-57 interchange is approximately 10.6 miles to the east. | |
| Road Type: | Asphalt black top construction | |
| Property Visibility: | The property is highly visible sitting west of the intersection of Manhattan Monee Road and Cedar Road which has approximately 10,000 cars passing by each day. | |
| Largest Nearby Street: | Manhattan Monee road is adjacent to the 140 acres and just east of the property is US route 52. | |
| Transportation: | With the City of Joliet close by and the proximity to the interstates this property has access to every type of transportation. Metra rail 1.4 miles to the west of this property, in Manhattan provides service between Manhattan and downtown Chicago. Midway and Ohare airports in Chicago, Joliet Municipal airport, and the Greyhound bus terminal in Kankakee are all available by the interstate highway system. |
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Land Related |
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| Lot Frontage (Feet): | This 140 acre parcel has 1300 feet of frontage on Manhattan Monee road and 1970 feet of frontage on Cedar Road. | |
| Tillable Acres: | There are 140 tillable acres on this parcel. | |
| Lot Depth: | The property is 2600 feet deep from north to south and east to west. | |
| Buildings: | There are no buildings on this property. | |
| Flood Plain or Wetlands: | There is a flood zone on this 140 acre parcel, please check the FEMA Report in the brochure. | |
| Topography: | The 140 acre parcel is relatively flat. Please see the topography and contours maps in the brochure for further information. | |
| Soil Type: | Elliott silt loam (146B) Elliot Silt Clay Loam (146B2) Ashkum Silty Clay Loam (232A) |
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| Available Utilities: | Utilities are available from the Village of Manhattan. | |
Financials |
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| Finance Data Year: | 2018 Taxes Paid in 2019 | |
| Real Estate Taxes: | 14-12-21-200-003-0000 $2230.48 or $27.74 per acre. 14-12-21-200-006-0000 $1526.36 or $26.32 per acre The total taxes paid for the two parcels was $3756.84 or $27.14 per acre. |
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| Investment Amount: | The total investment amount for this property is $2,450,000.00 or $17,500.00 per acre. | |
Location |
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| Address: | Manhattan Monee Road and S Cedar road Manhattan, IL. 60442 |
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| County: | Will County | |
MARK GOODWIN PROFESSIONAL BIOGRAPHY
It is difficult to find a real estate professional that specializes in Illinois Land Brokerage. Our services area includes Kendall County, Grundy County, Kane County, LaSalle County, Kankakee County, Livingston County, Ford County,Bureau, Henry County, Kane County, Dekalb County, Lake County, Iroquois County, Vermilion County, Kankakee County, and Cook County. Illinois Land Brokerage is a very specialized segment of the real estate brokerage industry. Knowledgeable Land Brokers are difficult to find. Many agents can sell a farm, but how many have the experience and qualifications of Goodwin and Associates?
Mark Goodwin is a Illinois Land Broker who can advise you about your land asset. It takes an experienced Illinois Land Broker to understand how best to market your land asset or find the property that best fits the investors needs or desires. Goodwin and Associates is the Land Broker for you in Illinois. We can help you with the marketing of your farm, residential development land, industrial land and commercial land or help with the selection of farmland, commercial land, retail land, industrial land, residential development land, residential lots, industrial lots and commercial lots. We are here to help you reach your goals.
For more information about property for sale in Manhattan, Illinois (Manhattan Township, Will County) contact:
Mark Goodwin - Illinois Land Broker
1-815-741-22261-815-741-2226 mgoodwin@bigfarms.com
Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.
Mark Goodwin - Illinois Land Broker
1-815-741-22261-815-741-2226 mgoodwin@bigfarms.com
Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.