411 88Th Ave Peotone, IL 60468
- Land
- 1.37 lot acres
Current Use by Public Records
- Land
Property Details for 411 88Th Ave
- Lot size
- 1.37 lot acres
- Property type
- Land
Description
This 1.37-acre commercial land parcel presents a unique investment opportunity in Peotone, Illinois. Located at the full interchange of I-57 and Wilmington Road (Exit 327), this outlot boasts exceptional visibility and high traffic counts, with 34,631 vehicles per day (VPD) just north and 35,330 VPD just south of the property. The site benefits from its proximity to a new travel center featuring a convenience store, lounge bar, showers, lockers, video gaming area, spa, and workout facilities. A new Holiday Inn is also under construction nearby, further enhancing the area's appeal and potential for growth. Pylon signage is available on two signs, including one directly on I-57, ensuring maximum brand exposure. The property is offered for sale at $700,000, with lease price negotiable. This prime location, coupled with the existing and planned development, makes this an ideal site for a variety of commercial ventures. The property's excellent demographics and strong national credit tenants in the surrounding area further solidify its investment potential. This is a rare opportunity to acquire a strategically located commercial outlot with significant growth prospects.
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
- -87.8239
- Latitude
- 41.3247
