Goodwin & Assoc. Real Estate Acquires Land In Monee, IL For $2.49M
SOLD
$2,490,000
Illinois
See Similar Deals24,900 SF
Sold 06/03/2021
SOLD
Goodwin & Assoc. Real Estate Acquires Land In Monee, IL For $2.49M
2500 S Lagrange Rd, Monee, Illinois, USA
See Similar Deals24,900 SF
Sold 06/03/2021
Summary
ILLINOIS
Price Per Square Foot:$100
Total Square Footage:24,900 SF
Transaction Type:Sale
A land located at 2500 S LaGrange Rd in Monee, IL was recently sold for $2,490,000. The property spans across 249 acres, resulting in a price per acre (PPA) of $10,000.
Summary of Transaction Details
- Property Type: Land
- Transaction Amount: $2,490,000
- Address: 2500 S LaGrange Rd, Monee, IL
- Market: Monee, IL
- Brokers: Mark Goodwin - Goodwin & Assoc. Real Estate LLC
- Acres: 249
- Price Per Acre (PPA): $10,000
Mark Goodwin from Goodwin & Assoc. Real Estate LLC represented the parties involved in this land sale transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$132,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,846.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,803.87
Annual Debt Service$141,646.44
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