Search Land - 120 AC Peotone Route 50 Farm

120 AC Peotone Route 50 Farm

price

$1,800,000|Listed: Oct 20, 2024

MLS#1245074

location

S Ridgeland Avenue, Peotone, Will County, Illinois

Status:Active

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Property Type

  • Acreage
  • Agriculture Business

Acreage

120 acres

County

Will, Illinois

Format

Sale

Features

  • Home
  • Hwy-County Rd Frontage
  • Development Potential

Documents

Property Brochuredownload

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.

Listing Agent

img

Mark Goodwin

Co-Op Member Owner

company

Goodwin & Associates Real-estate, LLC

location

Shorewood, Illinois

Co-op approved lenders in Will County, Illinois:
Farm Credit
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