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Property profile & analytics

601 88Th Ave Peotone, IL 60468

  • Commercial land
  • 15.94 lot acres
Value Estimations
Cap Rate Potential
Location Intelligence
Property ID
US28-1335819
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Shell / Convenience Store / Gas Station
  • Charleys Cheesesteaks and Wings / Cheesesteak Restaurant / American Restaurant
  • Parking Peotone / Transportation Service
  • Peotone truck parking and transportation terminal / Parking Lot / Self-Storage Facility
  • Peotone Travel Center / Truck Stop / Convenience Store

Property Details for 601 88Th Ave

Lot size
15.94 lot acres
Property type
Commercial land
APN
17-20-23-301-004
APU
172023301004

Description

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.


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

  • CAP approach

  • Comparable approach

  • Alternative Use

Get a detailed, property-specific valuation — fast and free


Location Insight

  • Map
  • Local Demand
City
Peotone
County
Will
State
Illinois
Longitude
-87.8225
Latitude
41.3254
CBSA code
16980
CBSA name
CHICAGO-NAPERVILLE-JOLIET, IL-IN-WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$48,158
$5,548
$0.00
$5,548
-
$16,644
$0.00
$16,644
More about this property
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