Underground Motor Sports Purchases 74 Acres In Zion Illinois From The Rita J. Mass Trust For $1.39M
42008 North Delany Road
$1,390,000
Building Size
—
Asset Type
Land
Closing
Jan 13, 2026
AI
A 74-acre land parcel located at 42008 North Delany Road was sold for $1,390,000. The property is situated in Zion, Illinois, and is positioned 3.6 miles from I-94. Notable features of the land include a farmhouse, an aircraft hangar, a barn, and a machine shop, with the site also adjacent to the 210-acre Old Hickory Forest Preserve.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,390,000
- Address: 42008 North Delany Road
- Market: Zion
- Acres: 74
- Buyer: Underground Motor Sports
- Seller: The Rita J. Mass Trust
- Buyer's Representative: John Steele and Kris Seegren - Re/Max Plaza
- Seller's Representative: Rick Scardino - Lee & Associates; Tom Glusic - Coldwell Banker
The transaction involved key representatives in the real estate sector, with Rick Scardino and Tom Glusic facilitating the sale for The Rita J. Mass Trust, while John Steele and Kris Seegren represented Underground Motor Sports. Lee & Associates played a pivotal role in brokering the deal for the substantial land parcel.
Players
Zion Land Market Snapshot
Boundary boundary · Land · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.41%
Cash-on-Cash
-3.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93