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    411 88Th Ave Peotone, IL 60468

    Sponsored
    For Sale
    $700,000

    1.37-acre commercial lot, high traffic, I-57 access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This 1.37-acre commercial land parcel presents a unique investment opportunity in Peotone, Illinois. Located at the full interchange of I-57 and Wilmington Road (Exit 327), this outlot boasts exceptional visibility and high traffic counts, with 34,631 vehicles per day (VPD) just north and 35,330 VPD just south of the property. The site benefits from its proximity to a new travel center featuring a convenience store, lounge bar, showers, lockers, video gaming area, spa, and workout facilities. A new Holiday Inn is also under construction nearby, further enhancing the area's appeal and potential for growth. Pylon signage is available on two signs, including one directly on I-57, ensuring maximum brand exposure. The property is offered for sale at $700,000, with lease price negotiable. This prime location, coupled with the existing and planned development, makes this an ideal site for a variety of commercial ventures. The property's excellent demographics and strong national credit tenants in the surrounding area further solidify its investment potential. This is a rare opportunity to acquire a strategically located commercial outlot with significant growth prospects.

    Property Features for 411 88Th Ave

    General Information

    Property type
    Land
    Lot Size
    59,677 SF

    HighLights

    • $700,000 asking price for 1.37‑acre commercial land parcel.
    • Located at I‑57 and Wilmington Rd (Exit 327) in Peotone, IL, offering excellent visibility and high traffic counts (34,631‑35,330 VPD on I‑57).
    • Property is suitable for sale or ground lease, with pylon signage opportunities (including one on I‑57).
    • Adjacent to a new travel center with amenities including a convenience store, lounge, showers, lockers, gaming bar, spa, and fitness center.
    • A new Holiday Inn is currently under construction nearby.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Peotone
    County
    Will
    State
    Illinois
    Longitude
    -87.823858253303
    Latitude
    41.324661529342

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    FAQs

    What type of property is this?
    Land - 1.37-acre commercial lot, high traffic, I-57 access.
    Where is this land located?
    The property is located at 411 88Th Ave Peotone, IL.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: $700,000 asking price for 1.37-acre commercial land parcel.; Located at I-57 and Wilmington Rd (Exit 327) in Peotone, IL, offering excellent visibility and high traffic counts (34,631-35,330 VPD on I-57).; Property is suitable for sale or ground lease, with pylon signage opportunities (including one on I-57).
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    Peotone, IL 60468
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    411 88Th Ave Peotone, IL 60468
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