Corner Lot In Homer Glen Sold For $2.1M, Potential For Commercial Development
15907-19 143rd St, Homer Glen, IL 60491
$2,100,000
Building Size
—
Asset Type
Land
Closing
Jul 24, 2023
About this deal
AI
Two 5-acre parcels at 15907-19 143rd St in Homer Glen, IL, were sold for $2.1 million. Zoned Residential, the corner lot with 2 homes offers potential for commercial development, like convenience stores or light industrial use, situated at a signalized intersection with 63,000+ cars/day.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,100,000
- Address: 15907-19 143rd Street, Homer Glen, IL
- Market: Homer Glen
- Asset Type: Land
- ACRES: 5
The broker involved in this sale is Sheri Prodehl from Coldwell Banker. She represented the seller and facilitated the transaction.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93