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    57 Wilmington Peotone Rd Peotone, IL 60468

    Sponsored
    For Sale
    $570,000

    19.37 Acres, $570,000, Ag Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 19.37-acre agricultural property presents a compelling investment opportunity in Peotone, Illinois. Strategically located near the intersection of I-57 and Peotone/Wilmington Road, this land boasts a highly desirable location with significant development potential. The property is zoned for agricultural use, offering flexibility for various farming operations or future development projects. Its proximity to a Shell gas station adds to its commercial viability. The expansive acreage provides ample space for a range of agricultural endeavors, or could be considered for other uses subject to local zoning regulations. Detailed surveys and soil reports are available upon request. The asking price for this prime piece of land is $570,000. This represents a rare chance to acquire a substantial parcel in a high-traffic area with excellent access to major transportation routes. The property's location offers easy access to both local amenities and regional transportation networks, making it an attractive proposition for both agricultural and potential commercial development. Serious inquiries are encouraged to explore the possibilities of this unique property. The legal description and survey are available for review. All information is deemed reliable but not guaranteed.

    Property Features for 57 Wilmington Peotone Rd

    General Information

    Property type
    Farms
    Lot Size
    843,757 SF

    HighLights

    • 19.37‑acre agricultural property in Peotone, IL, near I‑57 and Peotone/Wilmington Road.
    • Zoned for agricultural use with potential for future development.
    • $570,000 asking price.
    • High‑traffic location with excellent access to major transportation routes.
    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
    -87.818756404997
    Latitude
    41.323225506587

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    FAQs

    What type of property is this?
    Farm - 19.37 Acres, $570,000, Ag Zoning
    Where is this farm located?
    The property is located at 57 Wilmington Peotone Rd Peotone, IL.
    What is the asking price?
    The asking price for this property is $570,000.
    What are key features of this property?
    This property features: 19.37-acre agricultural property in Peotone, IL, near I-57 and Peotone/Wilmington Road.; Zoned for agricultural use with potential for future development.; $570,000 asking price.
    Request Owner's contact information
    57 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
    57 Wilmington Peotone Rd Peotone, IL 60468
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