Single-Tenant Medical
For Sale
Contact for pricing
431 S Governors Hwy, Peotone, IL 60468
Dedicated veterinary clinic with a net lease extending through June 2035 and two additional renewal options.
Property Size3,214 SF
Days on Market141
Property Features for 431 S Governors Hwy
General Information
Standard status
Active
Size
3,214 SF
Property subtype
Office, Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Buildings
1
Building Size
3,214 SF
Tenancy
Single
Listing Agency:
The Boulder Group
(847) 562-0003
Listed By:
Randy Blankstein · License #IL 471005983
Source:
Crexi
Added: Apr 13
Changed: Aug 30
Last Checked: Aug 30 at 10:03PM
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 The Boulder Group
Investment Insights
Based on property information with market context.
This 3,214-square-foot medical office property is occupied by a full-service veterinary clinic serving small animals and companion pets. The dedicated facility supports general examinations, surgery, dental care, emergency services, diagnostics, and in-house laboratory work. On-site improvements are configured for both clinical and procedural functions.
The property is located at 431 S Governors Hwy in Peotone, Illinois, along South Governors Highway, also designated Illinois Route 50. The corridor records over 9,800 vehicles per day, while nearby Interstate 57 carries over 37,000 vehicles daily and connects the area with the Chicago metropolitan area. CVS, Ford, Chevrolet, Buick, Subway, the Will County Fairgrounds, and Peotone High School are among the surrounding destinations.
The single-tenant net lease runs through June 2035 and includes annual rent escalations during the primary term, followed by two additional 7-year renewal options. Increases are uncapped CPI-based through 2028 and fixed at 2.5% annually thereafter.
The property is located at 431 S Governors Hwy in Peotone, Illinois, along South Governors Highway, also designated Illinois Route 50. The corridor records over 9,800 vehicles per day, while nearby Interstate 57 carries over 37,000 vehicles daily and connects the area with the Chicago metropolitan area. CVS, Ford, Chevrolet, Buick, Subway, the Will County Fairgrounds, and Peotone High School are among the surrounding destinations.
The single-tenant net lease runs through June 2035 and includes annual rent escalations during the primary term, followed by two additional 7-year renewal options. Increases are uncapped CPI-based through 2028 and fixed at 2.5% annually thereafter.
Key Highlights
- 3,214‑square‑foot veterinary medical office at 431 S Governors Hwy, Peotone, IL 60468
- Single‑tenant net lease extends through June 2035
- Two additional 7‑year renewal options follow the primary lease term
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 60468, IL
6,112
Population
2,329
Households
2.6
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
69.6 sq mi
ZIP Area
88
Density / Sq Mi
$101,618
Median Household Income
$44,625
Median Earnings
$1,102
Median Rent
$282,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
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Similar Off Market Nearby
- Peotone Animal Hospital — 431 S Governors Hwy, Peotone, IL 60468
Frequently Asked Questions
What type of property is this?
Medical Office Space - Dedicated veterinary clinic with a net lease extending through June 2035 and two additional renewal options.
Where is this medical office space located?
The property is located at 431 S Governors Hwy Peotone, IL.
What are key features of this property?
This property features: 3,214‑square‑foot veterinary medical office at 431 S Governors Hwy, Peotone, IL 60468; Single‑tenant net lease extends through June 2035; Two additional 7‑year renewal options follow the primary lease term
