Listing provided courtesy of Village Realty IncMREDas Distributed by MLSGrid- MLS# 12587874MLS Provider

120 W Main StreetPeotone, IL 60468

Commercial · 5,000 Sq. ft.
$307,000 Active

120 W Main Street Overview

Time on Site:
111 days
Visits:
0

Nestled in the heart of historic downtown Peotone on Main Street, this versatile 4,213-square-foot commercial building offers excellent visibility and tremendous potential for a variety of uses. The main level features approximately 2,625 square feet of beautifully finished, move-in-ready office or retail space, complemented by additional garage and storage areas. Recently remodeled with a brand-new roof, updated HVAC system, fresh flooring, and modern finishes throughout the first floor, the property is in excellent condition and ready for immediate occupancy. Currently owner occupied, but will vacant prior to closing. Ideal for retail storefronts, professional offices, service businesses, or creative commercial ventures, the main level benefits from strong downtown foot traffic and Peotone's charming small-town appeal. The entire second floor has been gutted to the studs, providing a clean slate for future expansion-whether you choose to add income-generating apartments, more office space, additional storage, or another creative use. This rare combination of recent upgrades, prime location, flexible upper-level potential, and smooth transition to vacancy makes 120 W Main Street an outstanding opportunity for owner-occupants or investors looking to grow in one of Will County's most desirable downtown districts.

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120 W Main Street Facts & Features

  • Type Commercial
  • Sq. ft. 5,000
  • Price/Sq.ft. $61

Details

General

Income/Expenses

  • Gross Income: 0
  • Gross Scheduled Income: 0
  • Net Operating Income: 0
  • Operating Expense: 0

Building Information

  • Year Built: 1930

Business Information

  • Current Use: Commercial

Location/Region

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

Rent/Lease Information

  • Tenant Pays: Electricity, Heat, Scavenger, Sewer

Tax Information

  • Tax Annual Amount: $2,851.00
  • Tax Year: 2024

General Information

  • Parcel Number: 1720242230030000
  • Possible Use: Commercial,Retail,Single Room Occupancy
  • Property Sub Type: Office
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Interior

  • Building Area Total: 5000

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Flooring: Concrete, Other
  • Leasable Area: 5000
  • Stories: 1

Unit Information

  • Unit SqFt.: 4213

Exterior

Lot Information

  • Additional Parcels: Yes
  • Frontage Type: City Street
  • Lot Size Dimensions: 36 X 150
  • Lot Size Square Feet: 5400

Building Exterior/Construction

  • Construction Materials: Block

General Information

  • Number Of Units Total: 2
  • Utilities: Electric to Site,Natural Gas Available,Sewer Connected,Water Available

120 W Main Street 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.

120 W Main Street Monthly Cost

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$ %
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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.

120 W Main Street 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

120 W Main Street History

Date Event Value Agent
6/13/2026Source: MRED Status Change
Active
6/8/2026Source: MRED Price Reduction
$307,000 -7.5%
6/8/2026Source: MRED Status Change
Price Change
4/16/2026Source: MRED Status Change
Active
4/11/2026Source: MRED Price Reduction
$332,000 -7.0%
4/11/2026Source: MRED Status Change
Price Change
3/15/2026Source: MRED Status Change
Active
3/10/2026Source: MRED Added to Database
March 10, 2026
6/20/2022Source: MRED Added to Database
January 27, 2022