Development-Ready Farmland
Lot 015 South Rathje Road Peotone, IL 60468
For Sale
$300,000
Land parcel in Peotone’s Business Redevelopment District, positioned for development and potential expansion with an adjacent tract.
Lot Size10.00 Acres
Days on Market395
Property Features for Lot 015 South Rathje Road
General Information
- Standard status
- Active
- Lot size
- 10.00 Acres
- Property subtype
- Land
Listing Agency:
RE/MAX 2000
(708) 672-9500
Listed By:
Bud · License #471021558
(708) 672-9500
Source:
Compass
Added: Jun 25, 2025
Changed: Jul 21
Last Checked: Jul 23 at 8:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 2000
Investment Insights
Based on property information with market context.
This offering is a farmland parcel totaling 10 acres, presented as ready for development. Public remarks indicate the property is situated in Peotone’s Business Redevelopment District, where there may be some tax incentives for a developer, subject to eligibility. The parcel is also described as suitable for uses that may include a small farming operation, a storage facility, an MMI growing site, or housing.
The remarks further note the parcel may be developed together with an additional parcel located at the corner of Peotone Wilmington Road and Rathje Rd (listed separately with a different owner), combining for just over 20 acres. The property also references a vacated piece of railroad property owned by the Village; development would require the Village to sell or donate the strip for inclusion in a project.
Overall, this is a development-oriented land opportunity connected to the I-57 corridor developments, with potential for assembly depending on Village involvement regarding the vacated railroad strip.
The remarks further note the parcel may be developed together with an additional parcel located at the corner of Peotone Wilmington Road and Rathje Rd (listed separately with a different owner), combining for just over 20 acres. The property also references a vacated piece of railroad property owned by the Village; development would require the Village to sell or donate the strip for inclusion in a project.
Overall, this is a development-oriented land opportunity connected to the I-57 corridor developments, with potential for assembly depending on Village involvement regarding the vacated railroad strip.
Key Highlights
- 10 acres of farmland in Peotone’s Business Redevelopment District
- Positioned for development, storage, or a small farming operation
- Adjacent parcel at the corner of Peotone Wilmington Road and Rathje Rd is listed separately; together total just over 20 acres
Property Analytics
Location Intelligence
Current Use by Public Records
Agricultural land / Farmland
FAQs
What type of property is this?
Agricultural land / Farmland - Land parcel in Peotone’s Business Redevelopment District, positioned for development and potential expansion with an adjacent tract.
Where is this agricultural land / farmland located?
The property is located at Lot 015 South Rathje Road Peotone, IL.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 10 acres of farmland in Peotone’s Business Redevelopment District; Positioned for development, storage, or a small farming operation; Adjacent parcel at the corner of Peotone Wilmington Road and Rathje Rd is listed separately; together total just over 20 acres
