Benck Farm Commercial & Multi-family lots

Status:Sold
County:Will
Township:Manhattan
Address:Route 52 Manhattan IL 60442
Gross Land Area:46.66 total acres
 + Hectare Conversion
Property Type:Development
Possible Uses:Commercial/Office/Retail & Multifamily Housing
Total Investment:$575,000
 + Monetary Conversion
Unit Price:Varies
Sold Price:$535,000
Buildings:None
Utilities:All


For more information contact:

Mark Goodwin
1-815-741-22261-815-741-2226
mgoodwin@bigfarms.com
 

** Sold **

Benck Farm Commercial & Multi-family lots
+ View Brochure

Property Overview

Benck Farm Commercial & Multi-family lots
Rt. 52 Manhattan, IL 60442
  • 19 Finished lots zoned for Retail, Office, and Industrial use
  • 114 Preliminary Platted Townhouse units on 16.08 acres
  • 30 Townhouse units are easily made available with approval
  • Terrific Rt. 52 exposure, traffic count of 7700 cars/day
  • Bank prefers a bulk sale of all lots, but will consider individual lots at retail pricing. 

+ View Brochure
+ View Property Disclaimer and Disclosure.
 
Will County Map

Property Notes

TOTAL ACRES:
46.66 total acres in Sections 7 of Manhattan Township, T.34N.-R.11E. Will County Illinois. Latitude 41.444022 Longitude -88.003398

PROPERTY BACKGROUND:
The portion of the development that is available for purchase has two sections, Commercial/Industrial/Office/Retail finished lots and Semi-finished Townhome lots. 30.57 acres commercial area. This area is split into 19 finished Retail, Office & Office/light industrial lots. Lot breakdown of size and location are found on a separate page of this brochure. 16.09 acres are platted for 114 townhouse units. 30 units (six proposed five unit buildings) found on the South side of Arabian Trail have infrastructure in place, but need village approval. The balance of the townhouse lots are platted, and not developed.

WHATS NOT INCLUDED:
The Commercial Retail building and the single family lots found on the west side of the Glacial Trail bike path are not part of this offering. Lot 20 has also been excluded.

ROAD FRONTAGE:
This development has excellent exposure to Rt. 52 on the north side of Manhattan. Traffic count is very good at 7700 vehicles per day.

LOCATION:
Just North of Manhattan and South of Joliet on Rt. 52

REAL-ESTATE TAXES:
Varies by lot

SCHOOL DISTRICTS:
Lincoln-Way High School District and Manhattan Grade School District.

INVESTMENT AMOUNT:
Lots 2-10, 12-19, 21 & 22 are being sold in bulk, a total of 19 finished lots. 114 semi-finished Townhouse units. $575,000.00 Possession given at closing.

REMARKS:
Terrific opportunity to own finish commercial and retail lots in Manhattan. Purchase the Townhouse portion of this project and you can develop you own demand for the retail lots. Excellent visibility on Rt. 52, good traffic counts, well designed project, just bad timing. These are fully finish lots with exception of a final lift needed for the streets and turn lanes on Rt. 52. This is a bank owned property. The bank is looking for a bulk sale but will consider individual lots sales at a retail price. Demographic reports available.

Property Map

Property Gallery

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Retail Commerical Lots   
Retail Commerical Lots

Office/Business Park   
Office/Business Park

Multi-Family Townhomes - 114 Townhouse Units & 30 Units Nearly Ready to Start Build   
Multi-Family Townhomes - 114 Townhouse Units & 30 Units Nearly Ready to Start Build

Plat Map   
Plat Map
Plat Map reprinted with permission of Rockford Map Publishers, Inc.

Drive Time - 5, 10, & 15 Minutes from Site   
Drive Time - 5, 10, & 15 Minutes from Site

Preliminary Recommended Corridors Interactive Map   
Preliminary Recommended Corridors Interactive Map

Listing Details

 

General Information

Listing Name:Benck Farm Commercial & Multi-family lots
Tax ID Number/APN:Varies by lot
Possible Uses:Commercial/Office/Retail & Multifamily Housing
Sale Terms:All cash
 

Area & Location

School District:Lincoln-Way High School District and Manhattan Grade School District
Location Description:Just North of Manhattan and South of Joliet on Rt. 52
Site Description:19 finished Retail, Office & Office/light industrial lots. 16.09 acres are platted for 114 townhouse units. 30 units (six proposed five unit buildings) found on the South side of Arabian Trail have infrastructure in place, but need village approval. The balance of the townhouse lots are platted, and not developed.
Highway Access:Close to I-80, near I-55 and I-355
Property Visibility:This development has excellent exposure to Rt. 52 on the north side of
Manhattan. Traffic count is very good at 7700 vehicles per day.
Largest Nearby Street:Route 52
 

Financials

Investment Amount:$575,000
 

Location

Address:Route 52, Manhattan, IL
County:Will
MSA:Chicago-Joliet-Naperville



MARK GOODWIN PROFESSIONAL BIOGRAPHY

It is difficult to find a real estate professional that specializes in Illinois Land Brokerage. Our services area includes Will County, Grundy County, Kendall County, LaSalle County, Kane County, Kankakee County, Livingston County, and Ford County. Illinois Land Brokerage is a very specialized segment of the real estate brokerage industry. Knowledgeable Land Brokers are difficult to find. Many agents can sell a farm, but how many have the experience and qualifications of Goodwin and Associates?

Mark Goodwin is a Illinois Land Broker who can advise you about your land asset. It takes an experienced Illinois Land Broker to understand how best to market your land asset or find the property that best fits the investors needs or desires. Goodwin and Associates is the Land Broker for you in Illinois. We can help you with the marketing of your farm, residential development land, industrial land and commercial land or help with the selection of farmland, commercial land, retail land, industrial land, residential development land, residential lots, industrial lots and commercial lots. We are here to help you reach your goals.

Mark Goodwin Illinois Land Broker
For more information about property for sale in Manhattan, Illinois (Manhattan Township, Will County) contact:

Mark Goodwin - Illinois Land Broker
815-741-2226
mgoodwin@bigfarms.com
 

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