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971 100 Ave N

Updated Sep 9, 2024

LandGuys, LLC Of Illinois Facilitates $5.7M Sale Of 800-Acre Land In Versailles, IL
SOLDLand

LandGuys, LLC Of Illinois Facilitates $5.7M Sale Of 800-Acre Land In Versailles, IL

971 100 Ave N

$5,657,000

Building Size

Asset Type

Land

Closing

Dec 27, 2022

About this deal

AI

A land parcel located at 971 100 Ave N in Versailles, IL has recently been sold. The property spans approximately 800 acres and is classified as land. The sale of this property was facilitated by Adam Fencik, a representative from LandGuys, LLC of Illinois. The transaction took place on December 27, 2022, with the sale price amounting to $5,657,000.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $5,657,000
  • Address: 971 100 Ave N, Versailles, IL
  • Market: Versailles, IL
  • Asset Type: Land
  • Acres: 800
  • Broker: Adam Fencik - LandGuys, LLC of Illinois

This transaction highlights the successful sale of a significant piece of land in Versailles, IL. Adam Fencik from LandGuys, LLC of Illinois played a pivotal role as the broker representing the buyer and seller. The sale price of $5,657,000 reflects the value of the 800-acre land parcel located at 971 100 Ave N. This transaction signifies a significant investment opportunity in the Illinois real estate market.

Players

Adam Fencik

Landguys

Broker

$5.7M

vol

1 deal

Broker

Richland 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

2.80%

Cash-on-Cash

-0.80%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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