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$200,000 Just Listed

  • For Sale
  • Active
  • Office
  • 1,085 Sq. Ft.
  • Updated 20 hours ago
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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!

Full Property Details for 203 N 2nd St

General

  • Price: $200,000
  • Taxes: $2,248 (2024)
  • Status: Active
  • Type: Office
  • Source: MRED
  • MLS ID: 12636685

Additional Information

  • Security/Safety: Other, Carbon Monoxide Detector(s)

Location

  • Area: Peotone
  • County: Will
  • Township: Peotone
  • Driving Directions: Rt 50 to E Main St. turn west across RR tracks take 2nd right and turn north 1 block to subject property.
  • Location Details: South Suburban, Central Business District

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Gas, Hot Water

Utilities

  • Water: Municipal Water
  • Onsite: Electricity to Site, Natural Gas Available, Sewer Connected

Structural Information

  • Construction: Wood, Frame
  • Exterior Const.: Wood, Frame
  • Foundation: Block
  • Roof: Composition
  • Stories/Levels: 1
  • Square Feet: 1,085
  • Current Bldg. Use: Legal Non-Conforming
  • Year Built: 1952
  • Built Before 1978: Yes

Lot Features

  • Lot Size (Acres): 0.06
  • Lot Size (Sq. Ft.): 2,473
  • Lot Dimensions: 26.5 x 92.42 x 27 x 92.44
  • Potential Use: Office, Single Family, Retail
  • Zoning: COMMR

Financial Considerations

  • For Sale/Rent/Lease: For Sale Only
  • Operating Expenses: $2,248
  • Security Deposit: Other, Carbon Monoxide Detector(s)
  • Assessment Year: 1952
  • Tax Amount: $2,248
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 1720212140250000
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 203 N 2nd St —

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

Schools serving 203 N 2nd St

School District:Peotone Community Unit School District 207u
NameGradesDistance
Peotone Elementary School
426 North Conrad Avenue, Peotone, IL 60468
K-30.4 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.

Tax History for 203 N 2nd St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,335
-12%
$36,712
-11%
2023
$2,667
8%
$41,051
11%
2022
$2,469
—
$37,033
8%
2022
$2,469
7%
$34,223
5%
2020
$2,314
-4%
$32,500
—
2019
$2,417
3%
$32,500
10%
2018
$2,344
2%
$29,486
3%
2017
$2,298
1%
$28,711
2%
2016
$2,268
-1%
$28,148
3%
2015
$2,280
-5%
$27,223
—
2014
$2,398
2%
$27,223
-1%
2013
$2,350
1%
$27,417
-7%
2012
$2,319
—
$29,323
—
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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203 N Second Street, Peotone, IL 60468 (MLS# 12636685) is a Office property. 203 N Second Street is currently listed for $200,000 and was received on May 23, 2026. This property is listed by Berry McCracken from our Bradley Office.Want to learn more about 203 N Second 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.

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