120 W Main Street Peotone, IL $ 357,000
120 W Main Street
$ 357,000
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120 W Main Street

Peotone, IL, 60468
$ 357,000
Bedrooms-- Baths-- Sq 5,000

Monthly Estimate*

$ 2,198

120 W Main Street, Peotone, IL 60468 - Image 1
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Commercial Property for sale in Peotone, IL

for $357,000. This 5,000 square foot building was built in 1930 on a lot size of 0.123967.

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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Commercial Active

Price

$ 357,000

Property Type

Commercial

Taxes

$ 2,851

Style

Commercial

Lot Size

0.123967

Year Built

1930

Town/City

Peotone

County/Region

Will

MLS | Web ID

12587874

Features
General
Cooling Central Air
Utilities Electric to Site Natural Gas Available Sewer Connected Water Available
Possession Immediate
Zoning COMMR
Construction Materials Block
Year Built 1930
Electric Circuit Breakers
Tenant Pays Electricity Heat Scavenger Sewer
Stories Count 1
Township Peotone
Property Subtype Office
Tax Year 2024
Current Use Commercial
Gross Income 0
County Will
Net Operating Income 0
Operating Expense 0
Property Type Commercial Sale Office/Tech
Possible Use Commercial Retail Single Room Occupancy
Status New
Directions RT 50 TO MAIN WEST TO BUILDING
City Peotone
Number Of Units Total 2
MLS Area Peotone
Lot Size Square Feet 5400
Tax Annual Amount 2851
Additional Parcels Y/N Y
Leasable Area 5000
Standard Status Active
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Interior
Flooring Concrete Other
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Exterior
Building Area Total 5000
Lot Dimensions 36 X 150
Frontage Type City Street
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* Excluded Features
List By
Village Realty Inc

Broker

dpkooy@gmail.com; dustin@kooyrealestate.com

Email

Affordability Calculator

$2,436
Per Month
90%
10%
0%
Monthly Principal & Interest
$2,198
Monthly Property Taxes
$238
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
565567 Elementary School
567955 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
3/10/2026$357,000 Listed Price

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120 W Main Street, Peotone, IL, 60468 is a Commercial Property for sale at $357,000 with 5,000 sqft and a lot size of 0.123967. 120 W Main Street was built in 1930. The property's zip code is 60468 which is in Peotone, IL