503 Hoselton Drive

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503 Hoselton Drive

Chenoa, IL 61726
Asking Price
Contact for price
Asset Type
Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Parcel spans 1.07 acres of developable land in Chenoa.
  • Property is situated near the major Interstate 55 corridor.
  • Strategic location supports logistics or light industrial development.
  • Site benefits from established transit access in central Illinois.
  • Regional connectivity facilitates efficient movement of goods and labor.

What's Special

Development of this 1.07-acre parcel at 503 Hoselton Drive in Chenoa, Illinois, offers a strategic position for commercial or industrial ventures. The site provides a clean slate for businesses looking to establish a presence within a growing community situated along the Interstate 55 corridor. This accessibility connects the property to broader regional trade routes, making it a viable candidate for warehousing, logistics, or light manufacturing operations that require proximity to major arterial infrastructure. Chenoa remains a stable environment for investment, characterized by its steady agricultural and local industrial roots within McLean County. The land benefits from straightforward regional connectivity, providing efficient access to larger metropolitan markets in the central Illinois region. Potential buyers can capitalize on this parcel for specific build-to-suit requirements or long-term land banking strategies, leveraging the utility and location to serve local and regional logistics needs.

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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547

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