Heartland Realty 11 LLC Sells 169 Acres Ranch In Franklin Grove, IL For $1.9M
00 Robbins Rd, Franklin Grove, IL 61031
$1,885,657
Building Size
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Asset Type
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Closing
Oct 23, 2022
AI
A ranch property covering an area of 169 acres located at 00 Robbins Rd in Franklin Grove, IL was recently sold. The transaction took place on 10/24/2022, with Matthew Hermes acting as the seller's representative on behalf of Heartland Realty 11 LLC. The sale price for the property was $1,885,657.
Summary of transaction details:
- Property Type: Ranch
- Transaction Amount: $1,885,657
- Location: 00 Robbins Rd, Franklin Grove, IL
- Market: Franklin Grove, IL
- Seller's Representative: Matthew Hermes - Heartland Realty 11 LLC
This sale marks a significant transaction for the ranch property in Franklin Grove, IL. Matthew Hermes, representing Heartland Realty 11 LLC, facilitated the deal. The sale price of $1,885,657 reflects the value of the 169-acre ranch located at 00 Robbins Rd.
Players
Chicago CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
8.41%
Cash-on-Cash
-2.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93