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Eastern Avenue & White Feather Drive
Manhattan, IL 60442
Asking Price
$2.25M
Asset Type
Agricultural Land
Class
Class B
What's Special
80 acres of raw ground plus 27 remaining platted lots <ul><li>80 acres of raw development ground plus 27 remaining platted single-family lots</li><li>Approximately 120+ total single-family lot potential (27 remaining platted lots plus 95 in the Phase 2 site plan)</li><li>Phase 1 lots platted and entitled — pending installation of streets and underground infrastructure</li><li>Phase 2 site plan proposed — shovel-ready pending final engineering</li><li>Phase 3 provides long-term upside and programming flexibility</li><li>R-1 PUD zoning under ex
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NOI
$80,000
Cap Rate
3.56%
DSCR
0.60
Underwater
Cash-on-Cash
-7.94%
Monthly Payment
$11,131.772
Annual Cash Flow
$-53,581.268
