427 Governors Highway, Peotone, IL 60468 - Photo 1

1/1

$1,495

Sold
Closed
Commercial Lease
Updated 11 days ago

1/1

Property Description

Discover this versatile end unit commercial space, offering approximately 1,500 Sq ft of functional and flexible space perfect for a variety of business needs. Located on well traveled Governors Hwy and close to I57 this space offers excellent exposure and easy accessibility. Contact us today to schedule a tour and see how this space can work for you!

Full Property Details

Full Property Details for 427 Governors Hwy

General

Sold For: $1,495
Taxes: (2024)
Status: Closed
Type: Commercial Lease
Source: MRED
MLS ID: 12419586
Added to Site: 206 day(s) ago

Business

Business Type: Retail

Additional Information

Security/Safety: Carbon Monoxide Detector(s)

Location

Area: Peotone
County: Will
Driving Directions: Peotone Wilmington Rd East to Rte 50 North to Property

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: Forced Air

Structural Information

Construction: Brick
Exterior Const.: Brick
Stories/Levels: 1
Current Bldg. Use: Commercial
Year Built: 1970

Lot Features

Lot Size (Sq. Ft.): 21,780
Lot Dimensions: .5 ACRES
Frontage: Public Road, US Highway
Zoning: COMMR

Financial Considerations

Lease Price: $15
For Sale/Rent/Lease: For Rent Only
Security Deposit: Carbon Monoxide Detector(s)
Assessment Year: 1970
Tax Year: 2024
Tenant Pays: Air Conditioning, Electricity, Heat

Listed and Sold by Village Realty, Inc.

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— 427 Governors Hwy —

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Schools

Schools serving 427 Governors Hwy

School District:Peotone Community Unit School District 207u

Name	Grades	Distance
Peotone Elementary School 426 North Conrad Avenue, Peotone, IL 60468	K-3	0.9 mi
Peotone Intermediate Center 9526 West Manhattan-Monee Road, Frankfort, IL 60423	4-5	7.4 mi
Peotone Jr High School 1 Blue Devil Drive, Peotone, IL 60468	6-8	0.6 mi
Peotone High School 605 West North Street, Peotone, IL 60468	9-12	1 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 427 Governors Hwy

Date

Details

Price

Change

Source

1/16/2026

Sold

$1,495

9866.67%

MLS

7/14/2025

Listed

$15

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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427 Governors Highway, Peotone, IL 60468 (MLS# 12419586) is a Commercial Lease property that was sold at $1,495 on January 16, 2026. Want to learn more about 427 Governors Highway? Do you have questions about finding other Commercial Lease real estate for sale in Peotone? You can browse all Peotone real estate or contact a Coldwell Banker agent to request more information.

427 Governors Hwy Peotone, IL 60468