Marquette Properties Acquires 100 Acres Of Land In Minooka, IL For $1.05M
5651 Bell Rd, Minooka, Illinois, USA
$1,055,000
$0/SF
Building Size
4,356,000 SF
Asset Type
—
Closing
Jun 1, 2021
About this deal
AI
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.
The commercial sale at 5651 Bell Rd, Minooka, Illinois, USA in Minooka, Illinois sold for $1.1M in 2021. The building is 4,356,000 square feet, implying about 0 per square foot on the published price. Named participants on the 5651 Bell Rd, Minooka, Illinois, USA sale are Peter Fleming, Michael Fleming. This page is the Minooka, Illinois file for the 5651 Bell Rd, Minooka, Illinois, USA commercial sold: pricing, party profiles, and other closed commercial comps from the same Minooka sit in the Market section below. Filter that Minooka commercial set by closing date to see what else sold near 5651 Bell Rd, Minooka, Illinois, USA around 2021. Published consideration for 5651 Bell Rd, Minooka, Illinois, USA is $1.1M, dated 2021. Cite this Marquette Properties Acquires 100 Acres Of Land In Minooka, IL For $1.05M sale when underwriting similar commercial product around Minooka, Illinois.
Players
Minooka CRE Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.04%
Cash-on-Cash
-4.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93