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Listing provided courtesy of Village Realty, Inc.MREDas Distributed by MLSGrid- MLS# 12302415MLS Provider

514 S Governors HighwayPeotone, IL 60468

Commercial · 3,292 Sq. ft.
$650,000 Active

514 S Governors Highway Overview

Time on Site:
483 days
Visits:
1

Will County Peotone Location presents Endless possibilities! A Huge Corner Lot with High Visibility, Close to I-57, Will County Fair Grounds, Peotone Travel Center, and proposed Peotone Airport. This standalone building, Zoned B-3, sits on apx. 3/4 acre lot (33,718 Sq Ft of property) with apx. 50 parking spaces and a all-brick structure. This building and location has potential to be converted to a great Venue with outside patio, room for live music, slot machines etc. There are 2 dining areas, an office, and a large kitchen with food prep area! Use your imagination and take advantage of this opportunity to own a piece of real estate in this fast growing Will County area! Long time owner Retiring!

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514 S Governors Highway Facts & Features

  • Type Commercial
  • Sq. ft. 3,292
  • Price/Sq.ft. $197

Details

General

Income/Expenses

  • Operating Expense: 0

Business Information

  • Business Type: Restaurant

Location/Region

  • County Or Parish: Will
  • MLS Area Major: Peotone

Tax Information

  • Tax Annual Amount: $8,720.00
  • Tax Year: 2024

General Information

  • Parcel Number: 1720244130460000
  • Property Type: Business Opportunity
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 3292

General Information

  • Cooling: Central Air
  • Electric: Service - 201 to 600 Amps
  • Stories: 1

Unit Information

  • Unit SqFt.: 3292

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street,State Road
  • Lot Size Dimensions: 200 X 71 X 254 X 229
  • Lot Size Square Feet: 33718

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Rubber

514 S Governors Highway Neighborhood

Community

60468 (Peotone) Demographics

40
Median Age
83
Population Density (per sq. mile)
37%
College Educated
$84,934
Estimated Median Income
1,800
Estimated Total Home Owners
525
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

514 S Governors Highway Monthly Cost

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Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

514 S Governors Highway Market Data

Based on the last 30 days in this zip code

$468,481
Average List Price
$232
Average Price per Square Foot
3
Properties Sold
47
Average Days on Market
16
Properties for Sale
Calculations provided by Reliance Network

514 S Governors Highway History

Date Event Value Agent
3/8/2025Source: MRED Status Change
Active
3/3/2025Source: MRED Added to Database
March 03, 2025