Property profile

411 88Th Ave Peotone, IL 60468

OFF-MARKET
Land
1.37 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 1.37 ac (59,677 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

411 88Th Ave Peotone, IL 60468
Peotone metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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