601 88th Ave, Peotone, IL 60468-9397
This exceptional 975-square-foot restaurant space is available for lease within the brand-new Peotone Travel Center, strategically located at the full interchange of I-57 and Wilmington Road (Exit 327). The modern, bright space boasts a contemporary layout and is part of a thriving multi-tenant building totaling 20,000 square feet. The center already houses established tenants such as Dunkin' Donuts and Charley's Philly Steaks, ensuring high foot traffic and brand synergy. This opportunity includes access to shared common area seating and restrooms. High visibility is guaranteed with pylon signage available on two signs, one prominently positioned on I-57. The Travel Center offers a comprehensive range of amenities, including a convenience store, lounge bar, private showers, lockers, a video gaming bar, a private spa, and a workout area, attracting a diverse clientele. The property benefits from exceptionally high traffic counts on I-57, with 34,631 vehicles per day (VPD) just north and 35,330 VPD just south of the site. Further enhancing the location's appeal, a new Holiday Inn is currently under construction, with a future restaurant planned, promising even greater future traffic and customer base. The building features two stories and elevators for convenient access. The landlord is flexible on rental terms. This is a rare opportunity to establish a successful restaurant in a high-traffic, high-growth location.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.