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 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.

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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