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Listing provided courtesy of McColly Rosenboom - BMREDas Distributed by MLSGrid- MLS# 12358676MLS Provider

28429 S Route 50 HighwayPeotone, IL 60468

Commercial · 3,219 Sq. ft.
$449,900 Active

28429 S Route 50 Highway Overview

Time on Site:
418 days
Visits:
3

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.

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28429 S Route 50 Highway Facts & Features

  • Type Commercial
  • Sq. ft. 3,219
  • Price/Sq.ft. $140

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1976

Location/Region

  • County Or Parish: Will
  • MLS Area Major: Peotone
  • Township: Will

Tax Information

  • Tax Annual Amount: $5,902.81
  • Tax Year: 2025

General Information

  • Parcel Number: 2021064000060000
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 3219

General Information

  • Cooling: None
  • Electric: Circuit Breakers
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: Township Road,US Highway
  • Lot Size Dimensions: 565X 70 X 200X185X302X188X277
  • Lot Size Square Feet: 146793

Building Exterior/Construction

  • Construction Materials: Wood
  • Roof: Composition

General Information

  • Number Of Units Total: 5

28429 S Route 50 Highway Neighborhood

Community

60468 (PEOTONE) Demographics

40
Median Age
83
Population Density (per sq. mile)
37%
College Educated
$84,934
Estimated Median Income
1,800
Estimated Total Home Owners
525
Estimated Total Renters
77% / 23%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

28429 S Route 50 Highway Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

28429 S Route 50 Highway Market Data

Based on the last 30 days in this zip code

$468,481
Average List Price
$232
Average Price per Square Foot
3
Properties Sold
47
Average Days on Market
16
Properties for Sale
Calculations provided by Reliance Network

28429 S Route 50 Highway History

Date Event Value Agent
5/13/2026Source: MRED Status Change
Active
5/8/2026Source: MRED Status Change
Re-activated
4/11/2026Source: MRED Status Change
Active
4/6/2026Source: MRED Price Reduction
$449,900 -6.3%
4/6/2026Source: MRED Status Change
Price Change
5/12/2025Source: MRED Status Change
Active
5/7/2025Source: MRED Added to Database
May 07, 2025