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!
Active
$300,000
LOT 15 S Rathje Rd, Peotone, IL 60468
--beds
--baths
10Acres
Unimproved Land, Farm
Built in ----
10 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Beautiful farmland
- 17 days
- on Zillow |
- 102 |
- 2 |
Zillow last checked: 7 hours ago
Listing updated: July 29, 2025 at 10:07pm
Listing courtesy of:
Bud Caruso 815-933-9700,
Coldwell Banker Realty
Source: MRED as distributed by MLS GRID,MLS#: 12428773

Travel times
Facts & features
Property
Features
- Frontage length: 55
Lot
- Size: 10 Acres
Details
- Parcel number: 1720262000150000
- Zoning: AGRIC
- Special conditions: None
Utilities & green energy
- Utilities for property: Electricity Nearby
Community & HOA
Location
- Region: Peotone
Financial & listing details
- Annual tax amount: $247
- Date on market: 7/24/2025
- Ownership: Fee Simple
- Road surface type: Asphalt
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