This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/7
$449,900 -$30,000 (-6.25%) Price Reduced
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/7
Property Description
Business Opportunity. 3.5 ACRES in Peotone , Unincorporated Will County! Great Location just North of Peotone and South of Monee on Governors Highway RT 50 . About 35 Miles South of Chicago. Current Zoning is C4. Property currently has a 4 unit apartment, Mobile Home, 2nd mobile on property is stripped and can be used for storage. The exterior painting on the 4 unit was just completed November 2025. Approximately 565' Frontage on Governors Highway (Rt50)and 302 ' on S. Ridgeland Ave. .The property is being sold "AS IS". For Building and use details check with the Will County Land Use Department / Building and Zoning for your intended use. Certain types of commercial uses may require special use permits even in a C-4 zone consult with county and local ordinances for your specific intended use. Go to County website for more information or call for link. Properties shown by appointment only , Please do not trespass and disturb tenants.
Full Property Details
Full Property Details for 28429 S Route 50 Hwy
General
- Price: $449,900
- Taxes: $5,611 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12358676
- Updated: 4/6/2026
- Added to Site: 336 day(s) ago
Rental Information
- Lease Terms: Month-to-Month
Additional Information
- Security/Safety: Smoke or Fire Protectors
Location
- Area: Peotone
- County: Will
- Township: Will
- Driving Directions: On RT 50 South of Monee , N of Peotone
- Location Details: South Suburban
Heating & Cooling
- Cooling Type: None
- Heating Type: Electric
Structural Information
- Construction: Wood
- Exterior Const.: Wood
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 3,219
- Year Built: 1976
- Built Before 1978: Yes
Unit Information
- # Tenants: 3
- Units w/Refrigerators: 3
- Units w/Range/Oven: 3
Lot Features
- Lot Size (Sq. Ft.): 146,793
- Lot Dimensions: 565 x 70 x 200 x 185 x 302 x 188 x 277
- Frontage: Township Road, US Highway
- Zoning: COMMR
Financial Considerations
- Security Deposit: Smoke or Fire Protectors
- Assessment Year: 1976
- Tax Amount: $5,611.36
- Tax Year: 2024
Disclosures and Reports
- Property ID: 2021064000060000
Listed by McColly Rosenboom - B
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 28429 S Route 50 Hwy
School District:Peotone Community Unit School District 207u
| Name | Grades | Distance |
|---|---|---|
Peotone Elementary School 426 North Conrad Avenue, Peotone, IL 60468 | K-3 | 2.9 mi |
Peotone Intermediate Center 9526 West Manhattan-Monee Road, Frankfort, IL 60423 | 4-5 | 5.4 mi |
Peotone Jr High School 1 Blue Devil Drive, Peotone, IL 60468 | 6-8 | 3.4 mi |
Peotone High School 605 West North Street, Peotone, IL 60468 | 9-12 | 3.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 28429 S Route 50 Hwy
Date
Details
Price
Change
Source
4/06/2026
Price Reduced
$449,900
-6.25%
MLS
5/06/2025
Listed
$479,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 28429 S Route 50 Hwy
28429 S Route 50 Highway, Peotone, IL 60468 (MLS# 12358676) is a Commercial property. 28429 S Route 50 Highway is currently listed for $449,900 and was received on May 06, 2025. Want to learn more about 28429 S Route 50 Highway? Do you have questions about finding other Commercial real estate for sale in Peotone? You can browse all Peotone real estate or contact a Coldwell Banker agent to request more information.

