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Ridgeland Ave Peotone, IL 60468

Sponsored
For Sale
$1,800,000

Prime agricultural land near Peotone, IL.

Description

Added:
Dec 11, 2024
Days on Market:
395
This exceptional 130-acre agricultural property presents a compelling investment opportunity in Will County, Illinois. Located just north of Peotone's city limits, this expansive tract boasts frontage on both South Governor's Highway and South Ridgeland Avenue, offering excellent accessibility. The land features a Soil Productivity Index (PI) of 121.7, with approximately 115.82 tillable acres, ideal for farming operations. The property's unique configuration comprises two parcels, an 80-acre and a 40-acre section, providing flexibility for potential development. Currently, a tenant occupies the existing farmhouse on the site. The property's strategic location, approximately one mile in length from Route 50 to Ridgeland Avenue, places it outside the proposed South Suburban Airport's footprint, yet benefits from planned infrastructure improvements. The State of Illinois has already invested in engineering for an interchange at I-57 and Eagle Lake Road, enhancing access to the future airport and the surrounding area. This presents a unique blend of established agricultural use with significant future development potential, capitalizing on Peotone's growth trajectory and proximity to Chicago's amenities. The asking price is $1,800,000, translating to $19,500 per acre. The property's APN is 15-08-01-304-048-0010. This is a rare opportunity to acquire a substantial land holding in a rapidly developing area.

Property Features for 0 Ridgeland Ave

General Information

Property type
Farms
Lot Size
5,662,800 SF

HighLights

  • 130‑acre agricultural property in Will County, IL, with excellent accessibility via frontage on South Governor's Highway and South Ridgeland Avenue.
  • High‑productivity farmland (PI 121.7) with approximately 115.82 tillable acres, currently tenant‑occupied.
  • Two‑parcel configuration (80 acres & 40 acres) offering development flexibility.
  • Strategically located outside the proposed South Suburban Airport footprint, benefiting from planned infrastructure improvements, including a new I‑57 interchange.
  • Asking price: $1,800,000 ($19,500/acre). APN: 15‑08‑01‑304‑048‑0010.
Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Peotone
County
Will
State
Illinois
Longitude
-87.77118
Latitude
41.34865

FAQs

What type of property is this?
Farm - Prime agricultural land near Peotone, IL.
Where is this farm located?
The property is located at Ridgeland Ave Peotone, IL.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 130-acre agricultural property in Will County, IL, with excellent accessibility via frontage on South Governor's Highway and South Ridgeland Avenue.; High-productivity farmland (PI 121.7) with approximately 115.82 tillable acres, currently tenant-occupied.; Two-parcel configuration (80 acres & 40 acres) offering development flexibility.
More about this property
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