40 AC Peotone Development Site

Status:Active
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
Productivity Index (PI):123.1
Buildings:No Buildings
Zoning:A-1, Agriculture


For more information contact:

Douglas W. Deininger, ALC
1-815-439-9245 1-815-439-9245 doug@deininger-land.com

Goodwin & Associates Real Estate, LLC
is an AGENT of the SELLERS.
Goodwin & Associates
Real Estate, LLC
1-815-741-22261-815-741-2226

 

** Under Contract **

40 AC Peotone Development Site
+ View Brochure

property alerts

Be alerted to new listings, changes in current listings, and closings as a way to keep your finger on the pulse of the land market.

Property Overview

40 acres of vacant land available right on the western city limits of Peotone, IL.  This property has residential neighborhood bordering on both south and east sides, making it prime for continued single family residential development.  In addition, quick access to I-57, IL-50, and W Wilmington Road, along with close proximity to Peotone schools and Will County Fairgrounds adds to the potential value of this property.  

A Concept Plan for single family residential development has already been produced (included in brochure) that plans for 62 lots with a minimum lot size of 10,000 square feet and an average lot size of 12,230 square feet.  There is also a possible planned project to connect W Corning Road under I-57 to allow access to both S Rathje Road and N Peotone Road.

Peotone, IL, is an excellent choice for development and investment. Its prime location near major highways like I-57 and I-55 ensures easy access to markets, while affordable land prices and a supportive local government create attractive opportunities for businesses and residents alike. With a thriving economy and strong community spirit, Peotone promises a bright future.

+ View Brochure
+ View Property Disclaimer and Disclosure.
 
Will County Map

Property Map

Property Gallery

Emoty Image   Emoty Image   Emoty Image   Emoty Image   Emoty Image   Emoty Image   Emoty Image   Emoty Image   Emoty Image   Emoty Image   Emoty Image  

Area Map   
Area Map

Plat Map   
Plat Map
Plat Map reprinted with permission of Rockford Map Publishers, Inc.

FSA Aerial Map   
FSA Aerial Map

Soil Map   
Soil Map

Topo Map   
Topo Map

Topo Contours Map   
Topo Contours Map

Topo Hillshade Map   
Topo Hillshade Map

FEMA Map   
FEMA Map

Site Survey   
Site Survey

Concept Plan   
Concept Plan

Village of Peotone Zoning Map   
Village of Peotone Zoning Map

Listing Details

 

General Information

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

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.
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.
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.
 

Land Related

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.
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.
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.
Available Utilities: Sewer and water lines are at the site and partially installed.
 

Financials

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

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
For more information:

Douglas W. Deininger, ALC
1-815-439-9245 1-815-439-9245 doug@deininger-land.com


 
Goodwin & Associates Real Estate, LLC
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
For more information about property for sale in Peotone, Illinois (Peotone Township, Will County) contact:

Goodwin & Associates Real Estate, LLC
1-815-741-22261-815-741-2226