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$300,000
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Property Description
10 Acres of beautiful farmland ready for development! Situated in Peotone's Business Redevelopment Distract, there may be some tax incentives for a developer. Perfect for a small farming operation, a storage facility, MMI growing site or housing. This parcel may be developed with the parcel located at the corner of Peotone Wilmington Road and Rathje Rd (currently listed by a different owner) combining to a total just over 20 acres! There is a vacated piece of railroad property that is owned by the Village. It would require that the Village sell or donate the strip towards a development project. Be part of the exciting I-57 corridor developments!
Full Property Details
Full Property Details for Lot 015 S Rathje Rd
General
- Price: $300,000
- Taxes: $247 (2023)
- Status: Active
- Type: Farm
- Source: MRED
- MLS ID: 12428773
- Updated: 7/30/2025
- Added to Site: 216 day(s) ago
Location
- Area: Peotone
- County: Will
- Township: Peotone
- Driving Directions: Peotone Wilmington Road to Rathje Rd. Property is on the West side of the street.
School Information
- School District: 207U
- Elem School District: 207U
- Midd School District: 207U
- High School District: 207U
Utilities
- Onsite: Electricity Nearby
Structural Information
- Square Feet: 10
- Current Bldg. Use: Agricultural
Lot Features
- Lot Size (Acres): 10
- Lot Size Range: 10.0 to 24.99 Acres
- Lot Dimensions: 10 ACRES
- Frontage: County Road
- Frontage Feet: 55
- Street/Road Desc.: Asphalt
- Land Use: Yes
- Zoning: AGRIC
Farm Information
- Farm: Yes
Financial Considerations
- Tax Amount: $247
- Tax Year: 2023
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 1720262000150000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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Price & Sales History for Lot 015 S Rathje Rd
Date
Details
Price
Change
Source
7/24/2025
Listed
$300,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for Lot 015 S Rathje Rd
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,245
2%
$22,295
9%
2023
$1,223
9%
$20,394
9%
2022
$1,119
—
$18,666
9%
2022
$1,119
11%
$17,095
9%
2020
$1,005
1%
$15,666
9%
2019
$998
2%
$14,368
10%
2018
$978
8%
$13,088
9%
2017
$909
11%
$12,024
9%
2016
$821
6%
$11,055
9%
2015
$773
6%
$10,175
6%
2014
$727
12%
$9,557
10%
2013
$647
—
$8,691
—
Disclaimer: Historical tax 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 Lot 015 S Rathje Rd
This property is listed by Bud Caruso from our Northwest Indiana Office.Want to learn more about Lot 015 S Rathje Road? Do you have questions about finding other Farm real estate for sale in Peotone? You can browse all Peotone real estate or contact a Coldwell Banker agent to request more information.


