1758 S Briggs Street

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1758 S Briggs Street

Lockport, IL 60441
Asking Price
$2.60M
Asset Type
Farm Land
Class
Class B

AI Property Summary

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

  • Twelve acres of farm land available for purchase.
  • Located at 1758 S Briggs Street in Lockport, Illinois.
  • Asking price for the parcel is 2,600,000 dollars.
  • Property suits agricultural operations or long-term land investment.
  • Situated within a developing suburban market near Chicago.

What's Special

This 12-acre farm land at 1758 S Briggs Street in Lockport, Illinois, is available for sale. It serves as an adaptable asset for investors or developers seeking to capitalize on acreage in a growing suburban market within the greater Chicago metropolitan area. The site provides ample space for agricultural production, long-term land banking, or future site development projects. Lockport maintains a steady economic environment supported by accessible regional transportation networks and suburban growth trends. Its strategic placement allows for potential residential or commercial transition given the local development climate and regional infrastructure. Potential buyers should consider the utility of this parcel for agricultural ventures or hold for future expansion requirements. The property configuration supports various operational needs for those focused on land-based investment strategies in a well-connected Illinois corridor.

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NOI
$80,000
Cap Rate
3.08%
DSCR
0.52
Underwater
Cash-on-Cash
-9.53%
Monthly Payment
$12,863.381
Annual Cash Flow
$-74,360.577

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