Ridgeland Ave Peotone, IL 60468
- Land
- 130.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Ridgeland Ave
- Lot size
- 130.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peotone
- County
- Will
- State
- Illinois
- Longitude
- -87.7712
- Latitude
- 41.3487
