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McColly Rosenboom Represents Sale Of Development Site In Ashkum, IL For $1.6M

Property Image
SOLD
$1,636,680

Illinois

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Development Site10,193,040 SF
Sold 04/28/2021
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Property Image
SOLD

McColly Rosenboom Represents Sale Of Development Site In Ashkum, IL For $1.6M

Section 7 North 2200 Road East, Ashkum, Illinois 60911, USA

See Similar Deals
Development Site10,193,040 SF
Sold 04/28/2021
Contact now

Summary

ILLINOIS
Asset Type:Development Site
Price Per Square Foot:$0
Total Square Footage:10,193,040 SF
Transaction Type:Sale

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

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

Richard Hansen
4 deals$5.6M volume
BROKER

Details

SOLD
IMAGE: Richard Hansen DATE: 04/28/2021 ADDRESS: Section 7 N 2200 Rd E MARKET: Ashkum, IL ASSET TYPE: Development Site BROKER: Richard Hansen - McColly Rosenboom PRICE: $1,636,680 ACRES: 234 ~ PPA: $6,994

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$87,289.61

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,814.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,758.70
Annual Debt Service$93,104.38