19.3-Acre Development Site Near Springhill Mall In West Dundee Sold For $2,007,255
Huntley Rd
$2,007,255
Building Size
—
Asset Type
Land
Closing
Aug 27, 2024
About this deal
AI
A 19.3-acre development site located at 000 Huntley Road in West Dundee has been sold for $2,007,255. The asset was previously zoned for commercial use and has now been changed to support multi-family development, indicating potential for residential or senior housing projects in the area.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,007,255
- Acres: 19.3
- Address: 000 Huntley Road
- Market: West Dundee
The deal was facilitated by brokers Christine Coleman and Mark Coleman, representing Coleman Land Company. The site is situated adjacent to a large park and benefits from being included in an updated Tax Increment Financing (TIF) district, which enhances the opportunity for infrastructure investment.
Players
Dundee Land Market Snapshot
Boundary boundary · Land · Sale transactions
Loading comparables…
Deal FAQ
Browse Dundee land sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.90%
Cash-on-Cash
-2.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93