Nwc Of Barr Rd. And Scheer Rd Peotone, IL 60468
- Land
- 30.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Nwc Of Barr Rd. And Scheer Rd
- Lot size
- 30.00 lot acres
- Property type
- Land
- Property subtype
- Farms
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Peotone
- County
- Will
- State
- Illinois
- Longitude
- -87.9014
- Latitude
- 41.3379
