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    Property profile & analytics
    OFF-MARKET
    Commercial land

    601 88th Ave, Peotone, IL 60468-9397

    15.94 ac lot
    Entity Owned 6-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US28-1335819
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 15.94 ac (694,346 SF)
    APN 17-20-23-301-004
    UPID US28-1335819
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Shell Gas Station
    • Charleys Cheesesteaks and Wings Restaurant
    • Parking Peotone Freight Service Logistics Company
    • Peotone truck parking and transportation terminal Parking Lot & Garage
    • Peotone Travel Center Parking Lot & Garage Gas Station
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Bhagwati Properties One LLC · 6 yrs held
    Bhagwati Properties One LLC
    since 2019
    6 recorded transactions
    2024
    2019
    $837,000
    2001
    1969
    1969
    1969
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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