High Visibility, Close to I-57, Will County Fair Grounds, Peotone Travel Center, and proposed Peotone Airport. POSSIBILITIES ARE ENDLESS... Will County Peotone Location.... A Huge Corner Lot apx. 3/4 Acres, a stand alone building, Zoned B-3, (33,718 Sq Ft of property) with apx. 50 parking spaces and an 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!
| Listing Id: | 12693058 |
|---|---|
| List Price: | $625,000 |
| Property Type: | Business Opportunity |
| Property Type: | Bus / Bus w/Real Est |
| Status: | Active |
| Parking On Site: | No |
| Tax Annual Amount: | $8,475 |
| Lot Size Square Feet: | 33,718 |
| City: | Peotone |
| County Or Parish: | Will |
| Postal Code: | 60468 |
| Basement: | false |
| Building Area Total: | 3292 |
| Business Type: | Restaurant |
| Construction Materials: | Brick |
| Cooling: | Central Air |
| Directions: | I-57 to Peotone exit, E. to Rt 50 (Governors HWY) N. to address. |
| Electric: | Service - 201 to 600 Amps |
| Frontage Type: | City Street, State Road |
| Lot Size Dimensions: | 200 X 71 X 254 X 229 |
| MLS Area Major: | Peotone |
| Adjusted Net Income: | 0 |
| Annual Rent For Real Estate: | 0 |
| Adj Net Inc Expense Source: | Owner Projection |
| Adj Net Income Year: | 2024 |
| Agent Owned/Interest (Y/N): | No |
| Ann Rnt Expense Source: | Owner Projection |
| Approx Land Sq Footage: | 3,292 |
| Business Age: | 11+ Years |
| Cost Of Goods Sold: | 0 |
| Cost Of Goods Expense Source: | Owner Projection |
| Cost Of Goods Year: | 2024 |
| Corporate Limits: | Peotone |
| Current Owner: | 11+ Years |
| Known Encumbrances: | None Known |
| Food/Beverage Type: | Restaurant |
| Gross Profit: | 0 |
| Gross Profit Expense Source: | Owner Projection |
| Gross Profit Year: | 2024 |
| Gross Sales Annual: | 0 |
| Gr Sales Ann Expense Source: | Owner Projection |
| Gross Sales Ann Year: | 2024 |
| Heat/Ventilation: | Gas |
| Inventory: | 0 |
| Information: | List Broker Must Accompany |
| Inventory Year: | 2024 |
| Inventory Expense Source: | Owner Projection |
| Location: | Corner |
| List Price Per Sf: | 189.85 |
| Lot Size: | .50-.99 Acre |
| Market Code: | Active |
| Misc Inside: | Public Restroom/s |
| Net Profit: | 0 |
| Net Profit Source: | Owner Projection |
| Outdoor Parking: | 31-50 Spaces |
| Proprietary Info: | Aerial Map |
| Gross Payroll: | 0 |
| Property Offered: | For Sale Only |
| Gross Payroll Expense Source: | Owner Projection |
| Gross Payroll Year: | 2024 |
| Sale Price Includes: | Land, Building, Equipment, Trade Fixtures, Inventory, Business Name |
| Sales Taxes Expense Source: | Owner Projection |
| Sales Taxes: | 0 |
| Sales Taxes Year: | 2024 |
| Total Op Expense Source: | Owner Projection |
| Total Op Exp Year: | 2024 |
| Tax Expense Source: | Owner Projection |
| Type Of Lease: | None |
| Update Date: | 2026-07-07T05:05:37 |
| Unit Square Footage: | 3292 |
| Original List Price: | $625,000 |
| Parcel Number: | 1720244130460000 |
| Possession: | Closing, Immediate |
| Roof: | Rubber |
| State Or Province: | IL |
| Stories: | 1 |
| Tax Year: | 2025 |
| Zoning: | COMMR |
| Actual Status: | Active |
| Confidentiality Or Non Disclosure Agreement Required? (Y/N): | No |
| Real Estate Included? (Y/N): | Yes |
Listing Courtesy of: Village Realty, Inc.
Listing Agent: Jennifer Ratliff
708-289-6588
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Midwest Real Estate Data LLC data last updated on October 08, 2026 04:01 PM - CT
Based on information submitted to the MLS GRID as of October 08, 2026 04:01 PM - CT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Some listings have been excluded from this website.
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Property Last Updated: October 08, 2026 04:01 PM - CT
