Updated Sep 9, 2024
McColly Rosenboom Represents Sale Of Development Site In Ashkum, IL For $1.6M
Section 7 North 2200 Road East, Ashkum, Illinois 60911, USA
$1,636,680
$0/SF
Building Size
10,193,040 SF
Asset Type
Development Site
Closing
Apr 27, 2021
About this deal
AI
A development site located at Section 7 N 2200 Rd E in Ashkum, IL has been sold for $1,636,680. The property spans across 234 acres, resulting in a price per acre of $6,994. The transaction took place on 04/28/2021. The sale was facilitated by Richard Hansen of McColly Rosenboom.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,636,680
- Address: Section 7 N 2200 Rd E, Ashkum, IL
- Market: Ashkum, IL
- Acres: 234
- Price Per Acre: $6,994
- Date: 04/28/2021
- Broker: Richard Hansen - McColly Rosenboom
This transaction highlights Richard Hansen of McColly Rosenboom's role in facilitating the sale of the development site in Ashkum, IL. The deal showcases the demand for land development in the area and the value it holds for potential investors.
Players
Chebanse Development Site Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.69%
Cash-on-Cash
-2.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93