Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    411 88Th Ave Peotone, IL 60468

    Sponsored
    For Lease
    Contact for pricing

    Prime 1.37-Acre Commercial Land

    Lot size:
    59,677 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 1.37-acre commercial land parcel presents a unique investment opportunity in the thriving Peotone, Illinois market. Situated at the full interchange of I-57 and Wilmington Road (Exit 327), this single-tenant outlot boasts unparalleled visibility and accessibility. The property benefits from high traffic counts on I-57, with 34,631 vehicles per day (VPD) just north and 35,330 VPD just south of the site. This strategic location is further enhanced by its proximity to a newly constructed Holiday Inn and a brand-new travel center featuring a convenience store, lounge bar, private showers, lockers, video gaming bar, private spa, and workout areas. The outlot offers the potential for pylon signage on two signs, with one prominently positioned on I-57, ensuring maximum brand exposure. This property is available for sale or ground lease, making it an ideal choice for a variety of commercial ventures seeking a high-traffic, high-visibility location. The address is 411 S 88th Ave, Peotone, IL 60468. This is a rare opportunity to acquire a strategically located commercial parcel in a rapidly developing area with significant growth potential. The property's size and location make it suitable for a wide range of commercial uses, capitalizing on the substantial traffic flow generated by the nearby interstate and the new travel center amenities. Don't miss this chance to secure a prime piece of real estate in a high-growth corridor.

    Property Features for 411 88Th Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    59,677 SF

    Unit(s) available at that property

    Space
    Size
    59,677 SF

    HighLights

    • 1.37‑acre commercial land parcel in Peotone, IL, at I‑57 & Wilmington Rd (Exit 327) interchange.
    • High visibility & accessibility with 34,631‑35,330 VPD on I‑57.
    • Adjacent to new Holiday Inn & travel center with convenience store, bar, showers, lockers, gaming, spa, & fitness facilities.
    • Potential for dual pylon signage, including I‑57 visibility.
    • Available for sale or ground lease.
    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
    -87.823860202924
    Latitude
    41.324743952659

    Nearby Comparable

    • $300 /Mo
      1,200 SF

      Peotone Travel Center Restaurant Space

      Prime Bar/Restaurant, I-57 Corridor
      601 88Th Ave, Peotone, IL 60468
      View Details
    • $2,000 /Mo
      1,400 SF

      Charming Home Near Walking Trail

      Two-bedroom home with scenic walking trail access and local amenities.
      477 Water Tower Rd, Manteno, IL 60950
      View Details
    • $12 SF/Yr
      4,600 SF

      Manteno Retail & Industrial Space

      Flexible Spaces, High Traffic Location
      350 Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing
      1,672 SF

      Manteno Executive Office Space

      Prime Office, 1672 sq ft, Available Now
      303 Section Line Rd, Manteno, IL 60950
      View Details
    • $24 SF/Yr
      1,500 SF

      Retail Space in Manteno, IL

      1500 SF retail space available for lease.
      46 E Division St, Manteno, IL 60950
      View Details
    • Contact for pricing

      Versatile Commercial Space with Utilities

      Warehouse, office, and retail spaces available with utilities included.
      350 N Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing

      Manteno Commercial Space For Lease

      Office and retail spaces available in high-traffic Manteno location.
      350 N Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing

      Manteno Commercial Space For Rent

      Heated warehouse and office/retail spaces available in Manteno, Illinois.
      350 N Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing

      Manteno Retail Space For Lease

      Retail spaces available in high-traffic Manteno location.
      350 N Locust St, Manteno, IL 60950
      View Details
    • $11 SF/Yr
      1,178 SF

      Standard Office Space Available

      Office space with private offices, restrooms, and secure storage.
      160-190 S Locust St, Manteno, IL 60950
      View Details
    • Contact for pricing
      3,648,020 SF

      Manteno Industrial Mega-Center

      Illinois Cold Storage Warehouse, 3M+ SF
      1125 Sycamore Rd, Manteno, IL 60950
      View Details
    • $15 SF/Yr
      1,800 SF

      Monee Industrial Space Available

      Industrial property with 1800 square feet available for rent.
      6320 W Bruns Rd, Monee, IL 60449
      View Details

    Nearby Similar for Lease

    • $300 /Mo
      1,200 SF

      Peotone Travel Center Restaurant Space

      Prime Bar/Restaurant, I-57 Corridor
      601 88Th Ave, Peotone, IL 60468
      View Details

    FAQs

    What type of property is this?
    Land - Prime 1.37-Acre Commercial Land
    Where is this land located?
    The property is located at 411 88Th Ave Peotone, IL.
    What are key features of this property?
    This property features: 1.37-acre commercial land parcel in Peotone, IL, at I-57 & Wilmington Rd (Exit 327) interchange.; High visibility & accessibility with 34,631-35,330 VPD on I-57.; Adjacent to new Holiday Inn & travel center with convenience store, bar, showers, lockers, gaming, spa, & fitness facilities.
    Request Owner's contact information
    411 88Th Ave Peotone, IL 60468
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    411 88Th Ave
    Peotone, IL 60468
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.