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Route 12, Volo, IL 60041

Larry Dickstein Of Land Partners, LLC Represents Buyer In $2 Million Volo IL Land Sale
SOLDLand

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:

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

Larry Dickstein

Broker

$4.4M

vol

2 deals

Broker

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