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S Ridgeland Avenue - 120 AC Peotone Route 50 Farm 120 Acres of Commercial Land Offered at $1,800,000 in Peotone, IL 60468
INVESTMENT HIGHLIGHTS
- The farm has excellent future development potential. Anything from industrial use to commercial to residential.
- Currently the farm is in Agricultural Production.
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (ACTUAL - 2023) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Taxes |
$5,562
|
$46.35
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$5,562
|
$46.35
|
FINANCIAL SUMMARY (ACTUAL - 2023)
| Taxes | |
|---|---|
| Annual | $5,562 |
| Annual Per AC | $46.35 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $5,562 |
| Annual Per AC | $46.35 |
PROPERTY FACTS Under Contract
| Price | $1,800,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 120.00 AC |
| Property Type | Land | ||
| Zoning | A-1 - Agriculture | ||
| Price | $1,800,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 120.00 AC |
| Zoning | A-1 - Agriculture |
1 LOT AVAILABLE
Lot
| Price | $1,800,000 | Lot Size | 120.00 AC |
| Price Per AC | $15,000.00 |
| Price | $1,800,000 |
| Price Per AC | $15,000.00 |
| Lot Size | 120.00 AC |
120 acre property available just north of Peotone, IL city limits with great access to S Governor's Highway and I-57
DESCRIPTION
The 120 acres are located just north of the Peotone city limits with frontage on both S Governor's Highway and S Ridgeland Avenue and has a Soil PI of 121.7 with approximately 115.82 tillable acres. The farm is approximately one mile long from Rt. 50 to Ridgeland Ave. The site is outside the proposed South Suburban Airport. Currently there is a tenant in the farmhouse. The State of Illinois has funded engineering to design the interchange at I-57 and Eagle Lake road for access to the future airport. This 120 acre property is made up of a combined 80 acre and 40 acre parcels of farmland. Buying land in Peotone, IL, is a great investment due to its small-town charm, proximity to Chicago, and potential for future growth. The area offers a peaceful rural setting while still being close enough to the city for easy access to urban amenities. With plans for infrastructure development, including the proposed South Suburban Airport, Peotone is poised for economic growth, making it an attractive option for those looking to invest in land.
Presented by
S Ridgeland Avenue - 120 AC Peotone Route 50 Farm
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