203 N Second Street Peotone, IL $ 200,000
203 N Second Street
$ 200,000
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203 N Second Street

Peotone, IL, 60468
$ 200,000
Bedrooms-- Baths-- Sq 1,085
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Property for Rent in Peotone, IL

for $200,000. This 1,085 square foot property was built in 1952 on a lot size of 0.06.

This 2 bedroom home is in the heart of the downtown area of Peotone. This home could be used for services like a real estate office, insurance, antiques, hair dresser/barber or more (check on zoning uses). Purchase the home with additional properties and tear them down to build a restaurant/diner or other type of business acceptable to the zoning. This home is priced very reasonably for a commercial property! In the heart of Peotone, also, is the Will County Fairgrounds, Junior High School and park district with baseball fields, basketball courts, volleyball courts, skateboard park and playground. Also the historical landmark the Peotone Mill! Downtown there are such businesses as Cornerstone Coffee House, Daum Appliance & TV, Game On Bar & Grill, Dolimiti Sandwich Shop and Old National Bank. Other businesses around include Dralle Chevrolet & Buick, Fire Pit Bar & Grill, Berkots Super Foods, Kulacz & Sons Heating & Coolng, March Family Dentistry, Peotone Animal Hospital and Johnson's Greenhouse! Peotone High School is known for the agriculture department and the Future Farmers of America (FFA) plus the AP department! Come purchase this property and build your dream business here today!

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Rental Active

Price

$ 200,000

Taxes

$ 2,248

Style

Legal Non Conforming

Lot Size

0.06

Year Built

1952

Town/City

Peotone

County/Region

Will

MLS | Web ID

12636685

Features
General
Cooling None
Utilities Electric to Site Natural Gas Available Sewer Connected
Possession Closing
Roof Composition
Zoning COMMR
Construction Materials Wood Frame
Year Built 1952
Electric Circuit Breakers Service - 101 to 200 Amps
Stories Count 1
Township Peotone
Property Subtype Office
Tax Year 2024
Current Use Legal Non Conforming
Gross Income 8400
County Will
Net Operating Income 8400
Operating Expense 2248
Property Type Commercial Sale Office/Tech
Possible Use Office Single Family Retail
Status Active
Directions Rt 50 to E Main St. turn west across RR tracks take 2nd right and turn north 1 block to subject property.
City Peotone
MLS Area Peotone
Lot Size Square Feet 2473
Tax Annual Amount 2248
Additional Parcels Y/N N
Leasable Area 0
Lease Type N/A
Standard Status Active
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Exterior
Water Source Municipal Water
Foundation Details Block
Building Area Total 1085
Lot Dimensions 26.5x92.42x27x92.44
Lot Size Acres 0.06
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* Excluded Features
List By
Coldwell Banker Realty

Broker

berry.mccracken@cbexchange.com

Email

Nearby
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/26/2026$200,000 Listed Price

Map


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203 N Second Street, Peotone, IL, 60468 is a Property for Rent at $200,000 with 1,085 sqft and a lot size of 0.06. 203 N Second Street was built in 1952. The property's zip code is 60468 which is in Peotone, IL