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    000 Wilmington Peotone Rd Peotone, IL 60468

    Sponsored
    For Sale
    $1,000,000

    10+ Acres, I-57 Proximity, High Traffic

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 10-24.99 acre commercial land parcel presents a remarkable investment opportunity in the rapidly developing Peotone, Illinois market. Located at 000 Wilmington Peotone Road, this fee simple property boasts a highly desirable B3 zoning designation, opening doors to a diverse range of commercial ventures. The site's strategic position along the anticipated four-lane expansion of Wilmington Peotone Road, experiencing 5,600 vehicles daily, ensures exceptional visibility and accessibility. Furthermore, its proximity to Interstate 57 (with over 32,000 vehicles daily) provides unparalleled connectivity to a vast regional market, including a convenient 30-minute drive to Chicago. The property's potential uses are extensive, encompassing fast food establishments, hotels, strip centers, retail spaces, auto dealerships, storage facilities, service stations, and light manufacturing, among others. This prime location, coupled with the anticipated growth spurred by the proposed cargo airport, makes this a truly exceptional opportunity for investors seeking significant returns in a thriving community. The Will County property, identified by APN 1720262000180000, is priced at $1,000,000. Don't miss this chance to secure a piece of Peotone's burgeoning commercial landscape.

    Property Features for 000 Wilmington Peotone Rd

    General Information

    Property type
    Land
    Lot Size
    435,600 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Peotone
    County
    Will
    State
    Illinois
    Longitude
    -87.8623338
    Latitude
    41.3239585

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    FAQs

    What type of property is this?
    Land - 10+ Acres, I-57 Proximity, High Traffic
    Where is this land located?
    The property is located at 000 Wilmington Peotone Rd Peotone, IL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    (219) 865-9911
    Request Owner's contact information
    000 Wilmington Peotone Rd Peotone, IL 60468
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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
    000 Wilmington Peotone Rd Peotone, IL 60468
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