Property profile

0 Nwc Of Barr Rd. And Scheer Rd Peotone, IL 60468

OFF-MARKET
Land
30 ac lot
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Property summary

AI-generated overview

This exceptional 30-acre property in Peotone, Illinois, presents a unique investment opportunity. Located at the Northwest corner of Barr Road and Scheer Road (60468), this land boasts several hundred trees of various species ripe for harvesting, making it ideal for a thriving tree farm operation. The property includes a one-acre creek-fed pond, providing a reliable irrigation source for sustained growth and potential future development. Electricity is readily available along the eastern border, adding to the property's practicality and potential for various uses. The land is zoned for agricultural use and is offered for sale as a fee simple ownership. The seller is open to considering the division of the property into 10-acre parcels, providing flexibility for buyers seeking smaller land holdings. With a price of $850,000, this translates to $28,333 per acre, reflecting the land's value and potential for both immediate income generation and long-term appreciation. This property is a rare combination of established income potential and significant development possibilities, making it an attractive investment for both experienced landowners and those seeking a strategic entry into the Illinois real estate market. Serious inquiries are encouraged.

Property profile

Verified
Property type Land
Lot 30 ac (1,306,800 SF)

Cap rate & NOI

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

Location

Nwc Of Barr Rd. And Scheer Rd 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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