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Listing provided courtesy of Goodwin & Associates Real Estate LLCMREDas Distributed by MLSGrid- MLS# 12382434MLS Provider

Peotone, IL 60468

Single Family · 20.00 Acres
$600,000 Active

Overview

Time on Site:
391 days
Visits:
1

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.

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Facts & Features

  • Type Single Family
  • Lot 20.00 Acres

Details

General

School Information

  • School District: 207U

Business Information

  • Current Use: Agricultural

Location/Region

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

Tax Information

  • Tax Annual Amount: $534.86
  • Tax Year: 2023

General Information

  • Ownership: Fee Simple
  • Parcel Number: 1720033000140000
  • Property Type: Farm
  • Special Listing Conditions: None
  • Zoning: AGRIC

Interior

Beds/Baths

  • Bathrooms Total: 0

Exterior

Parking Information

  • Parking Total: 0

Lot Information

  • Additional Parcels: Yes
  • Frontage Length: 1305
  • Frontage Type: County Road
  • Lot Size Acres: 20
  • Lot Size Dimensions: 1305 X 633
  • Road Surface Type: Asphalt

Waterfront/View

  • Waterfront: No

General Information

  • Utilities: Unknown (verify)

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.

Monthly Cost

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$ %
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$
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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.

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

History

Date Event Value Agent
6/8/2025Source: MRED Status Change
Active
6/3/2025Source: MRED Added to Database
June 03, 2025