Updated Dec 20, 2023
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
About this deal
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
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