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$ 600,000
Est. payment /mo
New
Address not disclosed Peotone, IL 60468
20 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 12382434
Annual Tax Amount $534
Tax Year 2023
Lot Size 20.000 Acres
Lot Dimensions 1305 X 633
Property Sub-Type Land
Property Description
20 acres of level farmland available at the corner of S Center Road and W Eagle Lake Road northwest of Peotone, IL that would be great either for continued agriculture production or possible residential/mixed use development. With great, consistent soil, a PI of 124.8, and nearly all tillable acreage, it is a nice parcel for continued agricultural use. However, with a level and easy to clear parcel, this property could also be a great site for residential or mixed-use development. Buying farmland outside Peotone, IL is a smart investment due to its prime location near expanding suburban development and key transportation routes, including proximity to I-57 and proposed infrastructure like the South Suburban Airport. The land is highly fertile, making it ideal for continued agricultural use with strong yield potential. At the same time, its increasing demand for residential and commercial expansion makes it a strategic choice for future development. With relatively affordable prices compared to areas closer to Chicago, it offers significant long-term value for both farming and building opportunities.
Location
State IL
County Will
Area Peotone
Zoning AGRIC
Interior
Fireplace N
Exterior
Utilities Available Unknown (verify)
Building
Dwelling Type Land
Schools
School District 207U , 207U, 207U
Others
Ownership Fee Simple
Special Listing Condition None
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Listed by Mark Goodwin • Goodwin & Associates Real Estate LLC