Larry Dickstein Of Land Partners, LLC Represents Buyer In $2 Million Volo IL Land Sale
$2,000,000
Building Size
—
Asset Type
Land
Closing
Sep 3, 2024
AI
A 24.2-acre parcel of land located at a signalized intersection in Volo, IL has been sold for $2 million. The asset is suitable for commercial or mixed-use development, with a concept plan for 171 residential units that require a Planned Unit Development (PUD). The transaction indicates significant development potential in the region.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $2,000,000
- Address: 000 Route 12
- Market: Volo, IL
- Acres: 24.2
- Buyer's Representative: Larry Dickstein - Land Partners, LLC
- Seller's Representative: Bruce Kaplan - Premier Commercial Realty
Representing the buyer in this transaction was Larry Dickstein from Land Partners, LLC, while the seller was represented by Bruce Kaplan from Premier Commercial Realty. Their involvement highlights professional collaboration in facilitating this sale, focusing on its future development opportunities.
Players
Market 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93