Date
Details
Price
Change
Source
3/03/2025
Listed
$650,000
—
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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$650,000
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Property Description
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!
Full Property Details
Full Property Details for 514 S Governors Hwy
General
- Price: $650,000
- Taxes: $7,916 (2022)
- Status: Active
- Type: Business
- Source: MRED
- MLS ID: 12302415
- Updated: 5/15/2025
- Added to Site: 397 day(s) ago
Business
- Business Type: Restaurant
- Years in Business: 11 or More
Interior
- Interior Features: Public Restroom(s)
Location
- Area: Peotone
- County: Will
- Driving Directions: I-57 to Peotone exit, E. to Rt 50 (Governors HWY) N. to address.
- Location Details: Corner
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Gas
Structural Information
- Construction: Brick
- Exterior Const.: Brick
- Roof: Rubber
- Stories/Levels: 1
- Square Feet: 3,292
Lot Features
- Lot Size (Sq. Ft.): 33,718
- Lot Size Range: .50 to .99 Acre
- Lot Dimensions: 200 x 71 x 254 x 229
- Frontage: City Street, State Road
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Tax Amount: $7,916.6
- Tax Year: 2022
Disclosures and Reports
- Property ID: 1720244130460000
Listed by Village Realty, Inc.
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Listing agents
— 514 S Governors Hwy —
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NMLS#: 1598647
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Schools
Schools serving 514 S 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 | 7.5 mi |
Peotone Jr High School 1 Blue Devil Drive, Peotone, IL 60468 | 6-8 | 0.5 mi |
Peotone High School 605 West North Street, Peotone, IL 60468 | 9-12 | 0.9 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 514 S Governors Hwy
Estimate the Cost
Estimate the Cost for 514 S Governors Hwy
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- Single Family
- Active
- Updated 4 days ago
- 5Beds
- 2Total Baths
- 2,672Sq. Ft.
- Single Family
- Active
- Updated 2 days ago
- 5Beds
- 4Total Baths
- 2,500Sq. Ft.
- Single Family
- Active
- Updated 16 hours ago
- 4Beds
- 2Total Baths
- 2,259Sq. Ft.
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- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 1,820Sq. Ft.
- Townhouse
- Active
- Updated 2 days ago
- 3Beds
- 3Total Baths
- 1,580Sq. Ft.
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514 S Governors Highway, Peotone, IL 60468 (MLS# 12302415) is a Business property. 514 S Governors Highway is currently listed for $650,000 and was received on March 03, 2025. Want to learn more about 514 S Governors Highway? Do you have questions about finding other Business real estate for sale in Peotone? You can browse all Peotone real estate or contact a Coldwell Banker agent to request more information.