SOLD
Goodwin & Assoc. Real Estate Acquires Land In Monee, IL For $2.49M
2500 S Lagrange Rd, Monee, Illinois, USA
$2,490,000
$100/SF
Building Size
24,900 SF
Asset Type
—
Closing
Jun 2, 2021
About this deal
AI
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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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.37%
Cash-on-Cash
-1.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93