Property profile

0 Oriole Dr Peotone, IL 60468

OFF-MARKET
Land
1 ac lot
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Property summary

AI-generated overview

This exceptional 1-1.99 acre commercial lot in Peotone, Illinois (APN 1720261020020000), presents a remarkable investment opportunity. Zoned B3 Commercial, this fee simple property boasts a highly desirable location just off I-57 and Peotone Wilmington Road, a roadway slated for expansion to a four-lane highway. Its strategic placement offers unparalleled visibility and accessibility. The lot is immediately adjacent to a McDonald's, making it ideal for a fast-food restaurant or similar business. A mini strip mall with drive-through access is also envisioned. The Village of Peotone has approved medical cannabis dispensaries, further enhancing the area's commercial potential. The recent completion of a new travel plaza and the imminent opening of a Holiday Inn Express, coupled with the ongoing renovation of the downtown business district, signal significant growth and revitalization in Peotone. This property offers a unique chance to capitalize on this burgeoning market and become part of Peotone's exciting future. The lot's size allows for diverse development options, from a single-tenant building to a small commercial complex. Don't miss this chance to secure a prime piece of commercial real estate in a rapidly developing area. The property is located at Oriole Dr, Peotone, IL 60468.

Property profile

Verified
Property type Land
Lot 1 ac (43,560 SF)

Cap rate & NOI

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

Location

Oriole Dr 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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