201 N Second Street Peotone, IL ^$ 175,000

201 N Second Street

^$ 175,000

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Recently Listed

201 N Second Street

Peotone, IL, 60468

^$ 175,000

Studio Baths0.0

Monthly Estimate*

^$ 1,105

201 N Second Street, Peotone, IL 60468 - Image 1

201 N Second Street, Peotone, IL 60468 - Image 2

201 N Second Street, Peotone, IL 60468 - Image 3

201 N Second Street, Peotone, IL 60468 - Image 4

201 N Second Street, Peotone, IL 60468 - Image 5

201 N Second Street, Peotone, IL 60468 - Image 6

201 N Second Street, Peotone, IL 60468 - Image 7

Studio

Lots and Land for sale in Peotone, IL

for $175,000.

Excellent redevelopment opportunity in the heart of Downtown Peotone! This centrally located property is situated within the community's beautifully renovated downtown district, offering an ideal setting for a new commercial or mixed-use development. The property is ready for redevelopment, and schematic plans for a proposed new development are included, providing a great starting point for an investor, developer, or owner-user looking to bring a new project to the downtown area. Take advantage of the property's central location, downtown visibility, and proximity to established businesses, dining, and community amenities. A unique opportunity to be part of the continued growth and revitalization of Downtown Peotone.

Lots and Land Active

Price

^$ 175,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 3,078

Style

Commercial

Town/City

Peotone

County/Region

Will

MLS | Web ID

12736063

Features

General

Utilities Electricity Nearby

Possession Closing

Zoning COMMR

Township Peotone

Tax Year 2025

Current Use Commercial

Ownership Fee Simple

County Will

Property Type Land Land

Status Price Change

Directions North on 2nd Street to lot on east side at corner of Second and North.

City Peotone

High School District 207U

MLS Area Peotone

Tax Annual Amount 3078

Standard Status Active

Middle/Junior School District 207U

Elementary School District 207U

Exterior

Total Parking 0

Lot Dimensions 30x92

Road Surface Type Asphalt

Frontage Length 30

Frontage Type City Street

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Mccolly Bennett Real Estate

Broker

jnugent@mccolly.com

Affordability Calculator

$1,361

Per Month

Monthly Principal & Interest: $1,105
Monthly Property Taxes: $257
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Peotone, IL

Average List Price ^$76,567

Percent of Sale Price 56%

About Peotone, IL

3,715 Population

10% Since 2002

^$74,005 Median Income

39.97 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

564916 Elementary School

567867 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/18/2026	$175,000	-90.00%	Price Down
8/18/2026	$1,750,000		Listed Price

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201 N Second Street, Peotone, IL, 60468 is a Lots and Land for sale at $175,000. 201 N Second Street is a studio with 0.0 baths. The property's zip code is 60468 which is in Peotone, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 8/19/2026.

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201 N Second Street

Lots and Land for sale in Peotone, IL

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