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42008 North Delany Road

Underground Motor Sports Purchases 74 Acres In Zion Illinois From The Rita J. Mass Trust For $1.39M
SOLDLand

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:

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

Rick Scardino

Lee & Associates

Broker

$11.8M

vol

21 deals

Broker

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