Peotone Farmland
For Sale
Contact for pricing
Pending
S Ridgeland Ave, Peotone, IL 60468
120 acres of farmland near Peotone with development potential.
Property SizeContact for details
Lot Size120.00 Acres
Days on Market668
Property Features for S Ridgeland Ave
General Information
Standard status
Pending
Lot size
120.00 Acres
Property subtype
Land
Zoning
Agriculture
Listing Agency:
Big Farms
(815) 741-2226
Listed By:
Mark Goodwin · License #IL 471.003664
Source:
Crexi
Added: Oct 22, 2024
Changed: Aug 8
Last Checked: Jul 24 at 7:52AM
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 Big Farms
Investment Insights
Based on property information with market context.
This 120-acre property, comprised of combined 80-acre and 40-acre parcels of farmland, is located just north of the Peotone city limits, offering frontage on both S Governor's Highway and S Ridgeland Avenue. The site is approximately one mile long, stretching from Rt. 50 to Ridgeland Ave. The land features a Soil PI of 121.7, with approximately 115.82 tillable acres. Currently, a tenant occupies the farmhouse. The site is located outside the proposed South Suburban Airport area. The State of Illinois has funded engineering to design the interchange at I-57 and Eagle Lake Road for access to the future airport. The property's location in Peotone, IL, offers a blend of small-town charm and proximity to Chicago, presenting potential for future growth. The area provides a peaceful rural setting while maintaining convenient access to urban amenities. With planned infrastructure development, including the proposed South Suburban Airport, Peotone is positioned for economic growth.
Key Highlights
- 115.82 tillable acres with a Soil PI of 121.7, indicating high‑quality farmland.
- 120 acres of land with frontage on both S Governor's Highway and S Ridgeland Avenue.
- Located just north of Peotone city limits, offering a balance of rural setting and proximity to urban amenities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Agricultural land / Farmland - 120 acres of farmland near Peotone with development potential.
Where is this agricultural land / farmland located?
The property is located at S 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: 115.82 tillable acres with a Soil PI of 121.7, indicating high‑quality farmland.; 120 acres of land with frontage on both S Governor's Highway and S Ridgeland Avenue.; Located just north of Peotone city limits, offering a balance of rural setting and proximity to urban amenities.
