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Goodwin & Assoc. Real Estate Acquires Land In Monee, IL For $2.49M

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SOLD
$2,490,000

Illinois

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24,900 SF
Sold 06/03/2021
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Property Image
SOLD

Goodwin & Assoc. Real Estate Acquires Land In Monee, IL For $2.49M

2500 S Lagrange Rd, Monee, Illinois, USA

See Similar Deals
24,900 SF
Sold 06/03/2021
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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.

Players

Mark Goodwin
15 deals$32.8M volume
BROKER

Details

SOLD
IMAGE: Mark Goodwin DATE: 06/03/2021 ADDRESS: 2500 S LaGrange Rd MARKET: Monee, IL ASSET TYPE: Land BROKERS: Mark Goodwin - Goodwin & Assoc. Real Estate LLC SALE PRICE: $2,490,000 ACRES: 249 ~ PPA: $10,000

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Deal Type
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