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$175,000 Just Listed

  • For Sale
  • Active
  • Lots/Land
  • Updated 5 days ago
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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.

Full Property Details for 201 N 2nd St

General

  • Price: $175,000
  • Taxes: $3,078 (2025)
  • Status: Active
  • Type: Lots/Land
  • Source: MRED
  • MLS ID: 12736063
  • Updated: 8/18/2026
  • Added to Site: 6 day(s) ago

Location

  • Area: Peotone
  • County: Will
  • Township: Peotone
  • Driving Directions: North on 2nd Street to lot on east side at corner of Second and North.

School Information

  • School District: 207U
  • Elem School District: 207U
  • Midd School District: 207U
  • High School District: 207U

Utilities

  • Onsite: Electricity Nearby

Structural Information

  • Current Bldg. Use: Commercial

Lot Features

  • Lot Size Range: Less than .25 Acre
  • Lot Dimensions: 30 x 92
  • Frontage: City Street
  • Frontage Feet: 30
  • Street/Road Desc.: Asphalt
  • Zoning: COMMR

Financial Considerations

  • Tax Amount: $3,078
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Property ID: 1720242140260000

Listed by McColly Bennett Real Estate

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— 201 N 2nd St —

  • McColly Bennett Real Estate

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 201 N 2nd St

School District:Peotone Community Unit School District 207u
NameGradesDistance
Peotone Elementary School
426 North Conrad Avenue, Peotone, IL 60468
K-30.5 mi
Peotone Intermediate Center
9526 West Manhattan-Monee Road, Frankfort, IL 60423
4-56.9 mi
Peotone Jr High School
1 Blue Devil Drive, Peotone, IL 60468
6-80.5 mi
Peotone High School
605 West North Street, Peotone, IL 60468
9-120.6 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 201 N 2nd St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/18/2026
Listed
$175,000
288.89%
MLS
12/06/2019
Sold
$45,000
—
Public Record
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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 for 201 N 2nd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,078
72%
$26,731
-3%
2023
$1,788
-3%
$27,519
—
2022
$1,835
-6%
$27,519
—
2020
$1,960
-4%
$27,519
—
2019
$2,047
—
$27,519
7%
2018
$2,039
-1%
$25,643
—
2017
$2,052
-1%
$25,643
—
2016
$2,067
-4%
$25,643
—
2015
$2,148
-5%
$25,643
—
2014
$2,259
20%
$25,643
16%
2013
$1,890
-53%
$22,053
-57%
2012
$4,033
—
$50,995
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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201 N Second Street, Peotone, IL 60468 (MLS# 12736063) is a Lots/Land property with a lot size of acres. 201 N Second Street is currently listed for $175,000 and was received on August 18, 2026. Want to learn more about 201 N Second Street? Do you have questions about finding other Lots/Land real estate for sale in Peotone? You can browse all Peotone real estate or contact a Coldwell Banker agent to request more information.

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