120 AC Peotone Route 50 Farm
| Status: | Active |
| County: | Will |
| Township: | Will |
| Address: | S Ridgeland Avenue Peotone IL 60468 |
| Gross Land Area: | 120.00 |
| Hectare Conversion | |
| Property Type: | Agricultural Farmland |
| Possible Uses: | Agricultural Production |
| Total Investment: | $1,800,000.00 |
| Monetary Conversion | |
| Unit Price: | $15,000 per acre |
| Productivity Index (PI): | 121.7 |
| Buildings: | Farmhouse and buildings are found on S. Ridgeland Ave. |
| Utilities: | Water Well and Propane Tank on Property |
| Zoning: | A-1, Agriculture |
For more information contact:
Mark Goodwin
1-815-741-22261-815-741-2226 mgoodwin@bigfarms.com
Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.
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Property Overview
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.+ View Brochure
+ View Property Disclaimer and Disclosure.
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Property Notes
Property Map
Listing Details
General Information |
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| Listing Name: | 120 AC Peotone Route 50 Farm | |
| Tax ID Number/APN: | 80 Acres: 20-21-18-200-002-0000 40 Acres: 20-21-18-100-003-0000 |
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| Possible Uses: | The farm has excellent future development potential. Anything from industrial use to commercial to residential. Currently the farm is in Agricultural Production. | |
| Zoning: | A-1, Agriculture | |
Area & Location |
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| School District: | Peotone CUSD 207U | |
| Location Description: | This property is just north of the city limits of Peotone, IL, located just between S Governors Highway and S Ridgeland Avenue which the property has frontage on both. The farm is approximately one mile long. | |
| Site Description: | This property is a combination of two parcels, approximately 80 acres and a connected 40 acres. There is a rectangular-shaped parcel that shares frontage with both S Governors Highway on the west and S Ridgeland Avenue on the east. There is a single family residential lot off of the southeast corner of the property. Off of the southwest corner of the property, there is a multifamily apartment complex and a commercial property. | |
| Side of Street: | This property is located on the east side of S Governors Highway and on the west side of S Ridgeland Avenue. | |
| Highway Access: | This property has frontage with S Governors Highway and I-57 is located about 3 miles to the south and west. | |
| Road Type: | Asphalt/Blacktop | |
| Legal Description: | PART OF THE SW1/4 NW1/4; SE1/4 NW1/4; SW1/4 NE1/4; PART OF THE SE1/4 NE1/4 OF SECTION 18, TOWNSHIP 33 NORTH, 13 EAST, WILL COUNTY, ILLINOIS |
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| Property Visibility: | The property is visible from both S Governors Highway and S Ridgeland Avenue. | |
| Largest Nearby Street: | S Governors Highway | |
| Transportation: | The University Park Metra Train Station is located about 8.3 miles the north. Chicago Midway Airport is located about 33.5 miles away to the north. Chicago O'Hare Airport is located about 55.4 miles away to the north. |
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Land Related |
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| Lot Frontage (Feet): | There is approximately 713 feet of frontage on S Governors Highway and approximately 1,315 feet of frontage on S Ridgeland Avenue. | |
| Tillable Acres: | Approximately 115.82 acres of tillable acreage. | |
| Buildings: | The farm has a building site on S. Ridgeland Ave. Farmhouse and old farm buildings. The buildings are currently rented. | |
| Zoning Description: | Currently zoned A-1, Agriculture | |
| Flood Plain or Wetlands: | Other than an approximate 0.39 acres of Freshwater Emergent Wetland on the northern property line, there are no other wetlands. This property is also outside of the 500 year-floodplain. Please see the included FEMA and Wetland Maps provided by Surety Maps for more detailed information. |
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| Topography: | Please see included topographical maps provided by Surety Maps. | |
| Soil Type: | 50.4% Elliot silt loam (146B) 22.7% Elliot silty clay loam (146B2) 13.6% Ashkum silty clay loam (232A) For more detail, please see the included Soil Map provided by Surety Maps. |
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| Available Utilities: | Aqua Illinois is the service provider for Peotone. Utilities are near the site. There is currently a well and propane tank on the property servicing the home on the property. | |
Financials |
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| Finance Data Year: | 2022 Taxes, Paid 2023 | |
| Real Estate Taxes: | 80 Acre Parcel: $4,485.52 40 Acre Parcel: $1,076.32 Total Taxes: $5,561.84 ($46.35 per acre) |
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| Investment Amount: | $1,800,000 or $15,000 per acre | |
Location |
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| Address: | S Ridgeland Avenue, Peotone, IL 60468 | |
| County: | Will County | |
MARK GOODWIN PROFESSIONAL BIOGRAPHY
It is difficult to find a real estate professional that specializes in Illinois Land Brokerage. Our services area includes Kendall County, Grundy County, Kane County, LaSalle County, Kankakee County, Livingston County, Ford County,Bureau, Henry County, Kane County, Dekalb County, Lake County, Iroquois County, Vermilion County, Kankakee County, and Cook County. Illinois Land Brokerage is a very specialized segment of the real estate brokerage industry. Knowledgeable Land Brokers are difficult to find. Many agents can sell a farm, but how many have the experience and qualifications of Goodwin and Associates?
Mark Goodwin is a Illinois Land Broker who can advise you about your land asset. It takes an experienced Illinois Land Broker to understand how best to market your land asset or find the property that best fits the investors needs or desires. Goodwin and Associates is the Land Broker for you in Illinois. We can help you with the marketing of your farm, residential development land, industrial land and commercial land or help with the selection of farmland, commercial land, retail land, industrial land, residential development land, residential lots, industrial lots and commercial lots. We are here to help you reach your goals.
Mark Goodwin - Illinois Land Broker
1-815-741-22261-815-741-2226 mgoodwin@bigfarms.com
Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.