Cedar Road Commercial 28 Acres

Vacant Land for Sale
Catylist Listing ID: 30383897
Property Subtypes: Agricultural, Retail
Gross Land Area: 28 Acres
Sale Price: $1,500,000
Unit Price: $53,571 Per Acre
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/31/2020

Overview / Comments

Excellent corner location in the path of growth. Cedar road is a main north - south arterial road connecting Manhattan to New Lenox and Rt. 80, Rt. 355 and Metra. Will County has been one of the fastest growing counties in the Midwest. The Illiana Expressway and future Peotone airport are in the general region.

Additional Details

Nearest MSA: Chicago-Naperville-Elgin
County: Will
Property Visibility: Excellent
Largest Nearby Street: Illinois Rt. 52 is two miles west. Interstate I-80 & I-355 are 6
Feet of Frontage: 874
Highway Access: Easy access to both Interstate I-80 or I-355, both are approximately 6 miles north
Site Description: Level farmland with farm buildings and brick ranch home.
Area Description: Frontage on the highly traveled Cedar road at the SE corner of Smith road & Cedar. Section 15 of Manhattan township, between New Lenox and Manhattan.
Lot Frontage: 874 feet of frontage on Cedar road 585 feet of frontage on Smith road
Zoning Description: Currently zoned Agriculture
Topography: Level

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 4,699 14,248 42,240
Median Age: 32.85 35.07 36.7
Households: 1,503 4,566 13,446
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