Updated Dec 21, 2023
Property Peddler, Inc Acquires 100.75 Acre Development Site In Red Bud, IL For $1.21M
4601 Blackjack Road, Red Bud, Illinois, USA
$1,210,000
$1/SF
Building Size
871,200 SF
Asset Type
Development Site
Closing
Apr 21, 2021
About this deal
AI
A development site located at 4601 Blackjack Rd in Red Bud, IL has been sold for $1,210,000. The property spans across 100.75 acres, resulting in a price per acre of $12,010. Brad Chandler of Property Peddler, Inc served as the broker for this transaction.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,210,000
- Acres: 100.75
- Price per Acre: $12,010
- Broker: Brad Chandler - Property Peddler, Inc
This sale was completed on April 22, 2021. The property, located in the market of Red Bud, IL, offers significant potential for development. With its spacious 100.75-acre size, the site provides ample space for various projects. Brad Chandler, representing Property Peddler, Inc, facilitated the transaction, ensuring a successful deal for all parties involved.
Players
Red Bud 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
13.11%
Cash-on-Cash
-3.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93