Eric Bird Of Bird Realty Sells 114.47 Acres Of Land In Lisbon, IL For $1.5M
SOLD
$1,482,500
Illinois
See Similar DealsSold 05/27/2022
SOLD
Eric Bird Of Bird Realty Sells 114.47 Acres Of Land In Lisbon, IL For $1.5M
13000 Joliet Rd, Lisbon, IL 60541
See Similar DealsSold 05/27/2022
Summary
ILLINOIS
Transaction Type:Sale
The property involved in this transaction is located at 13000 Joliet Rd in Lisbon, IL. It is a land asset spanning 114.47 acres. The sale of this property was facilitated by broker Eric Bird from Bird Realty. The transaction took place on May 27, 2022.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,482,500
- Address: 13000 Joliet Rd, Lisbon, IL
- Market: Lisbon, IL
- Asset Type: Land
- Acres: 114.47
- Broker: Eric Bird - Bird Realty
The sale price for this land property was $1,482,500. Eric Bird from Bird Realty represented the parties involved in this transaction.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,267.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,027.81
Annual Debt Service$84,333.68
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