Marquette Properties Acquires 100 Acres Of Land In Minooka, IL For $1.05M
SOLD
$1,055,000
Illinois
See Similar Deals4,356,000 SF
Sold 06/02/2021
SOLD
Marquette Properties Acquires 100 Acres Of Land In Minooka, IL For $1.05M
5651 Bell Rd, Minooka, Illinois, USA
See Similar Deals4,356,000 SF
Sold 06/02/2021
Summary
ILLINOIS
Price Per Square Foot:$0
Total Square Footage:4,356,000 SF
Transaction Type:Sale
The land located at 5651 Bell Rd in Minooka, IL was recently sold for a transaction amount of $1,055,000. The property spans across 100 acres, with a price per acre of $10,550. The sale took place on June 2, 2021.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $1,055,000
- Acres: 100
- Price Per Acre: $10,550
- Market: Minooka, IL
The sale of this land was facilitated by Peter and Michael Fleming, representatives of Marquette Properties, Inc.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$56,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,748.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,001.24
Annual Debt Service$60,014.86
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