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514 S Governors Highway Peotone, IL $ 650,000
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$ 650,000 Get more info
514 S Governors Highway
$ 650,000
Back to search
Share Save

514 S Governors Highway

Peotone, IL, 60468
$ 650,000
Bedrooms-- Baths-- Sq 3,292

Monthly Estimate*

$ 4,055

514 S Governors Highway, Peotone, IL 60468 - Image 1
514 S Governors Highway, Peotone, IL 60468 - Image 2
514 S Governors Highway, Peotone, IL 60468 - Image 3
514 S Governors Highway, Peotone, IL 60468 - Image 4
514 S Governors Highway, Peotone, IL 60468 - Image 5
514 S Governors Highway, Peotone, IL 60468 - Image 6
514 S Governors Highway, Peotone, IL 60468 - Image 7
514 S Governors Highway, Peotone, IL 60468 - Image 8
514 S Governors Highway, Peotone, IL 60468 - Image 9
514 S Governors Highway, Peotone, IL 60468 - Image 10

Commercial Property for sale in Peotone, IL

for $650,000. This 3,292 square foot building was built on a lot size of 0.774059.

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 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! Long time owner Retiring!

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Commercial Active

Price

$ 650,000

Property Type

Commercial

Taxes

$ 7,916

Style

Restaurant

Lot Size

0.774059

Town/City

Peotone

County/Region

Will

MLS | Web ID

12302415
Features
General
Cooling Central Air
Possession Closing Immediate
Roof Rubber
Zoning COMMR
Construction Materials Brick
Electric Service - 201 to 600 Amps
Stories Count 1
Tax Year 2022
Business Type Restaurant
County Will
Operating Expense 0
Property Type Business Opportunity Bus / Bus w/Real Est
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
Tax Annual Amount 7916.6
Additional Parcels Y/N N
Standard Status Active
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Exterior
Building Area Total 3292
Lot Dimensions 200 X 71 X 254 X 229
Frontage Type City Street State Road
Waterfront Y/N N
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* Excluded Features
List By
Village Realty, Inc.

Broker

ratliffrealestate@gmail.com

Email

Affordability Calculator

$4,715
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,055
Monthly Property Taxes
$660
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
3/3/2025$650,000 Listed Price

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514 S Governors Highway, Peotone, IL, 60468 is a Commercial Property for sale at $650,000 with 3,292 sqft and a lot size of 0.774059. The property's zip code is 60468 which is in Peotone, IL

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