Updated Dec 21, 2023
McColly Bennett Real Estate Sells Development Site In Grant Park, IL For $1.35M
North 12000E Road, Grant Park, IL, USA
$1,350,000
$0/SF
Building Size
7,927,920 SF
Asset Type
Development Site
Closing
May 24, 2020
About this deal
AI
An 182-acre development site located at 00 N 12000 Rd E in Grant Park, IL was recently sold for $1,350,000. The property is situated in the Grant Park market and offers potential for further development. With a price per acre of $7,418, this transaction represents a significant investment opportunity.
Summary of transaction details:
- Property Type: Development Site
- Sale Price: $1,350,000
- Address: 00 N 12000 Rd E, Grant Park, IL
- Market: Grant Park, IL
- Acres: 182
- Price Per Acre: $7,418
The sale of this development site was facilitated by Jay Tamblyn from McColly Bennett Real Estate. As the broker representing the seller or buyer, Jay Tamblyn played a crucial role in the successful culmination of this transaction.
Please note that no additional information was provided regarding financing or any other parties involved in the deal.Players
Grant Park Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93