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LOT 15 S Rathje Rd photo 1

For Sale258d on market

LOT 15 S Rathje Rd

Peotone, IL, 60468 • 60468 • Will County

$300,000

10 acLot

This home is getting attention

Listed 258 days ago · 202 views · 14 saves

Market activity

Demand and pricing signals for this listing

202 views

People checking out this listing

14 saves

Buyers have saved this home

258 days on market

Established listing

About this home

Lot

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!

Estimated monthly payment

Based on current rates

$1,876/month

Principal & Interest$1,476

Property Tax$300

Insurance$100

Down payment20% ($60,000)

3%50%

Est. 6.24% rate · 30yr fixed · $240,000 loan

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At a glance

Key facts and listing details

Property

Home typeLot

Sub-typeUnimproved Land, Farm

Parking & Outdoor

Lot10 Acres

Location & Tax

Neighborhood60468

ZoningAGRIC

Annual tax$247

Parcel1720262000150000

Features & details

1 category of property features

Exterior Features

Utilities

Electricity Nearby

Listing insights

Market data and value estimates

StatusFor Sale

Days on market258

Tax rate2.17%

On marketJul 24, 2025

PostedJul 24, 2025

MLS statusActive

MLS updatedJan 23, 2026

Tour days6

Views202

Favorites14

How are the schools in Peotone?

3 schools rated nearby

7

Peotone Elementary School

Elementary • Public • K-3

1.7 mi

9

Peotone Jr High School

Middle • Public • 6-8

1.1 mi

6

Peotone High School

High • Public • 9-12

1.5 mi

Location

Peotone, IL, 60468

Price history

1 event

DateEventPrice$/sqftSource

Jul 24, 2025Listed For Sale$300,000—MRED as distributed by MLS GRID

Listed For Sale$300,000

Jul 24, 2025•MRED as distributed by MLS GRID

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Neighborhood details

Local context around this listing

Peotone, IL • Will County

Nearby neighborhoods

Andres

Nearby cities

BolingbrookFrankfortJolietLockportMokenaNapervilleNew LenoxPlainfield

Nearby zip codes

60468

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Value estimates

Live

30yr rate est.6.24%

Affordability$2,127/mo

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Based on information submitted to the MLS GRID as of 2026. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. [Click here for more information](/mls-disclaimers/#17)

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LOT 15 S Rathje Rd, Peotone, IL 60468 | SREG Property Finder