#MRD12382434
Peotone, IL
- – beds
- – baths
- – sqft
- ~20 acre lot
- – on site
20 acres of level farmland available at the corner of S Center Road and W Eagle Lake Road northwest of Peotone, IL that would be great either for continued agriculture production or possible residential/mixed use development. With great, consistent soil, a PI of 124.8, and nearly all tillable acreage, it is a nice parcel for continued agricultural use. However, with a level and easy to clear parcel, this property could also be a great site for residential or mixed-use development. Buying farmland outside Peotone, IL is a smart investment due to its prime location near expanding suburban development and key transportation routes, including proximity to I-57 and proposed infrastructure like the South Suburban Airport. The land is highly fertile, making it ideal for continued agricultural use with strong yield potential. At the same time, its increasing demand for residential and commercial expansion makes it a strategic choice for future development. With relatively affordable prices compared to areas closer to Chicago, it offers significant long-term value for both farming and building opportunities.
Last checked:
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Last updated Jun 9, 2025
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MLS# 12382434 —
Location
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Directions:20 acres level farmland available at the corner of S Center Road and W Eagle Lake Road northwest of Peotone, IL for continued agriculture production or possible residential/mixed use development.
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Location:37438
The Property
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Parcel Number:1720033000140000
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Property Type:Farm
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Lot Size Dimensions:1305 X 633
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Lot Size Acres:20
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Current Use:Agricultural
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Zoning:AGRIC
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Building On Land:No
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Frontage Type:County Road
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Frontage Length:1305
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Waterfront:false
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Additional Parcels:true
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Road Surface Type:Asphalt
Listing Agent
- Contact info:
- Agent phone:
- (815) 741-2226
- Office phone:
- (815) 741-2226
Taxes
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Tax Year:2023
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Tax Annual Amount:534.86
The Listing
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Special Listing Conditions:None
Utilities
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Utilities:Unknown (verify)
Schools
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Elementary School District:207U
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Middle Or Junior School District:207U
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High School District:207U
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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6/3/25
Jun 3, 2025
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Listed / Active | MRED | $600,000 |
