514 S Governors Highway, Peotone, IL
$ 650,000
Property Attributes
  • MLS#11971681
  • TypeBusiness Op
  • CountyWILL
  • CityPeotone
  • AreaPeotone
  • Zip60468
  • StyleRestaurant
  • Taxes$ 7916
  • Price$ 650,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5400
  • Lot Size0.774059 Acres
Data Source:
Midwest Real Estate Data (MRED)
Property Description

Will County Peotone Location presents Endless possibilities! A Huge Corner Lot with High Visibility, Close to I-57, Will County Fair Grounds, Peotone Travel Center, and proposed Peotone Airport. This standalone building, Zoned B-3, sits on apx. 3/4 acre lot (33,718 Sq Ft of property) with apx. 50 parking spaces and a 5400 SQFT all-brick structure. This building and location has potential to be converted to a great Venue with outside patio, room for live music, slot machines etc. There are 2 dining areas, an office, and a large kitchen with food prep area! Use your imagination and take advantage of this opportunity to own a piece of real estate in this fast growing Will County area!

Price History
2/23/2024 Listed $650,000

General Features

Cooling Central Air
Possession Closing,Immediate
Roof Rubber
Zoning COMMR
Construction Materials Brick
Electric Service - 201 to 600 Amps
Tenant Pays Air Conditioning,Common Area Maintenance,Electricity,Heat,Taxes,Insurance,Repairs,Scavenger,Sewer
Stories 1
Tax Year 2022
Business Type Restaurant
County Will
Property Type Business Opportunity
Status Active
Directions I-57 to Peotone exit,E. to Rt 50 (Governors HWY) N. to address.
City Peotone
MLS Area Peotone
Lot Size Square Feet 33718
Waterfront Y/N No
Street Name Governors
Tax Annual Amount 7916.6
Additional Parcels Y/N No
Days on Market 7
Standard Status Active
Property Type Bus / Bus w/Real Est

Interior Features

Street Suffix Highway

Exterior Features

Building Area Total 5400
Lot Dimensions 200 X 71 X 254 X 229
Frontage Type City Street,State Road


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Business Op Average in 60468

AVG $400K
AVG $7,386
AVG 44
Data Provided by Inside Real Estate®