40 AC Peotone Development Site
| Status: | Sold |
| County: | Will |
| Township: | Peotone |
| Address: | W Corning Avenue Peotone IL 60421 |
| Gross Land Area: | 39.70 |
| Hectare Conversion | |
| Property Type: | Agricultural Farmland |
| Possible Uses: | Development, Single Family Residential |
| Total Investment: | $674,900.00 |
| Monetary Conversion | |
| Unit Price: | $17,000 per Acre |
| Sold Price: | 640000 |
| Productivity Index (PI): | 123.1 |
| Value Per PI Point: | 129.97 |
| Buildings: | No Buildings |
| Zoning: | A-1, Agriculture |
For more information contact:
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Douglas W. Deininger, ALC 1-815-439-9245 1-815-439-9245 doug@deininger-land.com |
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Goodwin & Associates Real Estate, LLC is an AGENT of the SELLERS. |
Goodwin & Associates Real Estate, LLC 1-815-741-22261-815-741-2226 |
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Property Overview
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Property Map
Listing Details
General Information |
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| Listing Name: | 40 AC Peotone Development Site | |
| Tax ID Number/APN: | 17-20-23-400-012-0000 | |
| Possible Uses: | Development, Single Family Residential | |
| Zoning: | Currently Zoned A-1, Agriculture | |
Area & Location |
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| School District: | Peotone CUSD 207U (P-12) | |
| Location Description: | This property is located on the western city limits of Peotone between S Rathje Road and I-57 on the south side of W Corning Road. | |
| Site Description: | The property is currently vacant farmland with no buildings and mostly tillable acreage. There is a graveled area on the east side of the property that boarders a residential subdivision which is also a point of access from Garfield Avenue. There is another access point to the property on the northeast corner of the property from W Corning Road. This site is prime for single family residential development and has a Concept Plan already developed (included in this brochure). | |
| Side of Street: | This property is located on the south side of W Corning Road. | |
| Highway Access: | I-57 is located just 1.4 mile drive away from the property. IL-50 is located 1.2 miles straight east on W Corning Road. |
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| Road Type: | Asphalt/Blacktop | |
| Legal Description: | PART OF THE NW1/4 SE1/4 OF SECTION 23, TOWNSHIP 33 NORTH, 12 EAST, WILL COUNTY, ILLINOIS | |
| Property Visibility: | This property is visible from W Corning Road. | |
| Largest Nearby Street: | W Wilmington Road is located 0.7 miles from the property. IL-50 is located 1.2 miles straight east on W Corning Road. |
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| Transportation: | I-57 is located just 1.4 mile drive away from the property. Manhattan Metra Train Station is located 15.4 miles away. Midway Airport is located 37 miles away. O'Hare Airport is located 58.4 miles away. |
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Land Related |
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| Lot Frontage (Feet): | This property has 1,560 feet of frontage on W Corning Road. | |
| Tillable Acres: | This property has approximately 36.48 tillable acres. | |
| Buildings: | This property is vacant with no buildings. | |
| Zoning Description: | Current zoning is A-1, Agriculture. Probable incorporation and rezoning to R-3, One Family Residence District. |
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| Flood Plain or Wetlands: | Please see included Wetland/FEMA maps provided by Surety Maps. | |
| Topography: | Please see included topographical maps provided by Surety Maps. | |
| FSA Data: | Cropland 36.48 Acres Corn base 26.1 acres. PLC Yield 144 bushels per acre. Soybean base 5.5 acres. PLC Yield 44 bushels per acre. |
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| Soil Type: | 43.1% Elliott silt loam (146B) 41.8% Ashkum silty clay loam (232A) 13.7% Varna silt loam (223C2) 1.4% Elliott silty clay loam (146B2) Please see included Soil Map provided by Surety Maps. |
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| Available Utilities: | Sewer and water lines are at the site and partially installed. | |
Financials |
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| Finance Data Year: | 2022 Taxes, Payable 2023 | |
| Real Estate Taxes: | 2022 Taxes, Payable 2023: $366.30 | |
| Investment Amount: | $641,070 or $17,000 per acre | |
Location |
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| Address: | W Corning Avenue, Peotone, IL 60421 | |
| County: | Will County | |
DOUGLAS W. DEININGER, ALC PROFESSIONAL BIOGRAPHY
As a member of the Illinois Farm and Land Brokers Chapter of the Realtors Land Institute, he was elected state President in 2000. In 2008 he acquired his Accredited Land Consultant accreditation (ALC) and also the Chapter awarded Mr. Deininger the Land Broker of the year award.
Doug has been a speaker at numerous Farmland Seminars sharing his expertise on farm land values, leasing, and 1031 like kind exchanges.
He has been a licensed farm real estate broker in Illinois for over 30 years. Throughout his career Mr. Deininger has sold or acquired approximately 100 million dollars in farm real estate. He has a genuine interest in finding the best possible solution for his clients.
Douglas W. Deininger, ALC
1-815-439-9245 1-815-439-9245 doug@deininger-land.com
is an AGENT of the SELLERS.
GOODWIN & ASSOCIATES REAL ESTATE, LLC
Goodwin & Associates Real Estate, LLC, LLC was established in 1996 as a land brokerage company. We specialize in farmland sales and marketing. We also offer brokerage services with industrial land, commercial land, residential development land and retail development land.
Goodwin & Associates Real Estate, LLC is based in Will County, but has effectively marketed and brokered properties from Metropolis Illinois to Grayslake Illinois. We are a full-service brokerage company with answers to your questions. In our years of experience, we have helped clients with the purchase and marketing of hundreds of millions of dollars in land investments.
Goodwin & Associates Real Estate, LLC
1-815-741-22261-815-741-2226