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16561 W Sweedler Rd

10.67 Acres of Residential Land Offered at £176,330 in Manhattan, IL 60442

Investment Highlights

  • possibility for single family residential development

Financial Summary (Actual - 2022)

Annual Annual Per AC
Taxes £270 £25.31
Operating Expenses - -
Total Expenses £270 £25.31

Financial Summary (Actual - 2022)

Taxes
Annual £270
Annual Per AC £25.31
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual £270
Annual Per AC £25.31

Property Facts

Price £176,330
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 10.67 AC

1 Lot Available

Lot

Price £176,330
Price Per AC £16,526
Lot Size 10.67 AC

Excellent building site! Lincoln-Way HS district. This 10.6 acre parcel available just outside of Manhattan, city limits, located off the northeast intersection of Cherry Hill Road and W Sweedler Road.

Description

Rare 10 acre parcel in the Lincoln-Way high school district. This 10.6 acre parcel is available just outside the western Manhattan, IL city limits, located off the northeast intersection of Cherry Hill Road and W Sweedler Road. It has Soil PI of 122.3 and approximately 8.98 tillable acres. While the current farm has rich and productive soil, there is also a possibility for development with continued single family residential development just to the east and south of the property. An approximately 32 acre connected parcel, listed separately, is also available. Investing in farm and development land in Manhattan, IL offers numerous benefits. The area is known for its fertile soil and robust agricultural potential, making it ideal for farming ventures. Additionally, Manhattan's strategic location near major highways and proximity to Chicago enhances its attractiveness for development projects. Investors can capitalize on the growing demand for suburban housing and commercial spaces, driven by the area's expanding population and economic growth. Moreover, the local government’s supportive policies towards development and infrastructure improvements add to the potential for high returns on investment, making Manhattan, IL a promising choice for both agricultural and real estate endeavors.

zoning

Zoning Code A-1 (Agriculture)
A-1 (Agriculture)
  • Listing ID: 33042941

  • Date on Market: 03/09/2024

  • Last Updated:

  • Address: 16561 W Sweedler Rd, Manhattan, IL 60442

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