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$357,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 120 W Main St
General
- Price: $357,000
- Taxes: $2,851 (2024)
- Status: Active
- Type: Office
- Source: MRED
- MLS ID: 12587874
- Updated: 3/10/2026
- Added to Site: 6 day(s) ago
Interior
- Interior Features: Private Restroom(s), Storage Inside, Basement
- Flooring: Concrete, Other
Additional Information
- Security/Safety: Fire Extinguisher(s), Smoke or Fire Protectors, Carbon Monoxide Detector(s)
Location
- Area: Peotone
- County: Will
- Township: Peotone
- Driving Directions: RT 50 TO MAIN WEST TO BUILDING
- Location Details: Southwest Suburban, Central Business District
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Onsite: Electricity to Site, Natural Gas Available, Sewer Connected, Water Available
Structural Information
- Construction: Block
- Exterior Const.: Block
- Drive-In Doors: 1
- Sub-Flooring: Concrete, Other
- Stories/Levels: 1
- Square Feet: 5,000
- Current Bldg. Use: Commercial
- Year Built: 1930
- Built Before 1978: Yes
Unit Information
- # Tenants: 1
- Extra Storage Avail: Yes
Lot Features
- Lot Size (Sq. Ft.): 5,400
- Lot Dimensions: 36 x 150
- Frontage: City Street
- Potential Use: Commercial, Retail, Single Room Occupancy
- Zoning: COMMR
Financial Considerations
- For Sale/Rent/Lease: For Sale Only
- Security Deposit: Fire Extinguisher/s, Smoke or Fire Protectors, Carbon Monoxide Detector(s)
- Assessment Year: 1930
- Tax Amount: $2,851
- Tax Year: 2024
- Tenant Pays: Electricity, Heat, Scavenger, Sewer
Disclosures and Reports
- Property ID: 1720242230030000
Listed by Village Realty Inc
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Schools
Schools serving 120 W Main St
School District:Peotone Community Unit School District 207u
| Name | Grades | Distance |
|---|---|---|
Peotone Elementary School 426 North Conrad Avenue, Peotone, IL 60468 | K-3 | 0.5 mi |
Peotone Intermediate Center 9526 West Manhattan-Monee Road, Frankfort, IL 60423 | 4-5 | 7 mi |
Peotone Jr High School 1 Blue Devil Drive, Peotone, IL 60468 | 6-8 | 0.4 mi |
Peotone High School 605 West North Street, Peotone, IL 60468 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 120 W Main St
Date
Details
Price
Change
Source
3/09/2026
Listed
$357,000
413.67%
MLS
11/04/2019
Sold
$69,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 120 W Main St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,851
-9%
$46,548
-4%
2023
$3,134
-3%
$48,240
—
2022
$3,216
-6%
$48,240
—
2020
$3,435
-4%
$48,240
—
2019
$3,588
-6%
$48,240
—
2018
$3,835
-1%
$48,240
—
2017
$3,861
-1%
$48,240
—
2016
$3,888
-4%
$48,240
—
2015
$4,040
-5%
$48,240
—
2014
$4,250
3%
$48,240
—
2013
$4,135
8%
$48,240
—
2012
$3,815
—
$48,240
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 120 W Main St
120 W Main Street, Peotone, IL 60468 (MLS# 12587874) is a Office property. 120 W Main Street is currently listed for $357,000 and was received on March 09, 2026. Want to learn more about 120 W Main Street? Do you have questions about finding other Office real estate for sale in Peotone? You can browse all Peotone real estate or contact a Coldwell Banker agent to request more information.

