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    OFF-MARKET
    Land

    411 88Th Ave, Peotone, IL 60468

    1.37 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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