McColly Bennett Real Estate Sells Development Site In Grant Park, IL For $1.35M
SOLD
$1,350,000
Illinois
See Similar DealsDevelopment Site7,927,920 SF
Sold 05/24/2020
SOLD
McColly Bennett Real Estate Sells Development Site In Grant Park, IL For $1.35M
North 12000E Road, Grant Park, IL, USA
See Similar DealsDevelopment Site7,927,920 SF
Sold 05/24/2020
Summary
ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$0
Total Square Footage:7,927,920 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$72,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,796.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,399.69
Annual Debt Service$76,796.26
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