Updated Dec 21, 2023
Lyons Sullivan Realty Acquires Development Site In Blackstone, IL For $1.4M
3100 N 1700 E Rd, Blackstone, Illinois, USA
$1,420,898
$0/SF
Building Size
10,260,993 SF
Asset Type
Development Site
Closing
Apr 29, 2021
About this deal
AI
A development site located at 3100 N 1700 East Rd in Blackstone, IL has been sold. The transaction took place on 04/30/2021. The property, covering an area of 235.56 acres, was listed for sale at a price of $1,420,898. The site is situated in the Blackstone market and is designated as a development site.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,420,898
- Address: 3100 N 1700 East Rd, Blackstone, IL
- Market: Blackstone
- Acres: 235.56
Terrance Sullivan from Lyons Sullivan Realty, Inc. represented the parties involved in this transaction as the broker. The property was sold at a price per acre (PPA) of $6,032.
Players
Odell 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
11.16%
Cash-on-Cash
-3.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93