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Route 26, Amboy, IL, USA

Heartland Realty 11 LLC Sells 200-Acre Development Site In Amboy, IL For $1.8M
SOLDDevelopment Site

Heartland Realty 11 LLC Sells 200-Acre Development Site In Amboy, IL For $1.8M

Route 26, Amboy, IL, USA

$1,843,218

$283/SF

Building Size

6,512 SF

Asset Type

Development Site

Closing

Mar 24, 2021

AI

A development site located at 000 IL Route 26 in Amboy, IL has recently been sold for a price of $1,843,218. The property covers an area of 200 acres, resulting in a price per acre of $9,216. This transaction took place on 03/25/2021.

Summary of transaction details

  • Property Type: Development Site
  • Transaction Amount: $1,843,218
  • Address: 000 IL Route 26, Amboy, IL
  • Market: Amboy, IL
  • Acres: 200
  • Price Per Acre: $9,216
  • Date: 03/25/2021

The sale of this development site was facilitated by Matthew Hermes of Heartland Realty 11 LLC. Being the broker representative, he played a crucial role in this transaction.

Players

Matthew Hermes

Broker

$9.3M

vol

5 deals

Broker

Ohio 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

8.61%

Cash-on-Cash

-2.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93