411 88Th Ave, Peotone, IL 60468
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.