203 W Madison Street, Pontiac, IL 61764 - Photo 1

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$209,900 -$10,000 (-4.55%) Price Reduced

For Sale
Active
Commercial
4,320 Sq. Ft.
Updated 5 days ago

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Property Description

Prime investment opportunity in the heart of downtown Pontiac! This mixed-use commercial building offers the perfect blend of steady income and long-term potential. The main level features two storefronts, each approximately 1,000 square feet. One is currently home to a boutique, while the second will be occupied soon-both units fully leased as of April 1, providing immediate rental income. Upstairs, you'll find a spacious 2,000 square foot apartment with 2 bedrooms and 2 bathrooms. With its generous layout and prime downtown location, the residential unit adds even more value and income potential to this already strong investment. Whether you're looking to expand your portfolio or step into a turnkey property with established tenants, this building is a rare find in a vibrant downtown district.

Full Property Details

Full Property Details for 203 W Madison St

General

Price: $209,900
Taxes: $5,633 (2024)
Status: Active
Type: Commercial
Source: MRED
MLS ID: 12589327
Updated: 4/9/2026
Added to Site: 27 day(s) ago

Interior

Interior Features: Basement

Location

Area: Pontiac
County: Livingston
Driving Directions: Take 116 to downtown Pontiac, turn south on Main St, turn west on Madison St. Building on north side of road.
Location Details: Central Illinois, Central Business District

Heating & Cooling

Cooling Type: Central Air Conditioning, Window Unit(s)
Heating Type: Electric, Forced Air

Structural Information

Construction: Brick, Glass
Exterior Const.: Brick, Glass
Foundation: Brick/Mortar
Stories/Levels: 2
Square Feet: 4,320
Current Bldg. Use: Commercial
# of Stores: 2
Year Built: 1906
Built Before 1978: Yes

Unit Information

# Tenants: 3
Units w/Refrigerators: 1
Units w/Range/Oven: 1
# Dryers: 1

Lot Features

Lot Size (Sq. Ft.): 2,434
Lot Dimensions: 40 x 60.87
Frontage: City Street
Potential Use: Commercial
Zoning: COMMR

Financial Considerations

Assessment Year: 1906
Tax Amount: $5,633.6
Tax Year: 2024

Disclosures and Reports

Property ID: 151522403027

Listed by Eppel Realty

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Schools

Schools serving 203 W Madison St

School Districts:Pontiac Community Consolidated School District 429, Pontiac Township High School District 90

Name	Grades	Distance
Central Elementary School, Pontiac, IL 117 West Livingston Street, Pontiac, IL 61764	PK-1	0.1 mi
Lincoln Elementary School, Pontiac, IL 514 South Main Street, Pontiac, IL 61764	2-3	0.4 mi
Washington Elementary School, Pontiac, IL 400 North Morrow Street, Pontiac, IL 61764	4-5	0.7 mi
Pontiac Jr High School, Pontiac, IL 600 North Morrow Street, Pontiac, IL 61764	6-8	0.7 mi
Pontiac High School, Pontiac, IL 1100 East Indiana Avenue, Pontiac, IL 61764	9-12	0.9 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 203 W Madison St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

4/09/2026

Price Reduced

$209,900

-4.55%

MLS

3/18/2026

Listed

$219,900

—

MLS

Get Price Alerts and Save Property

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 203 W Madison St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$5,634

$60,930

2023

$5,488

78%

$56,997

47%

2022

$3,089

$38,713

2021

$2,973

14%

$37,224

2020

$2,609

$36,105

2019

$2,500

-1%

$34,524

-1%

2018

$2,515

—

$34,872

—

2017

$2,508

-1%

$34,837

-1%

2016

$2,533

-1%

$35,260

—

2015

$2,558

—

$35,260

—

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 203 W Madison St

203 W Madison Street, Pontiac, IL 61764 (MLS# 12589327) is a Commercial property. 203 W Madison Street is currently listed for $209,900 and was received on March 18, 2026. Want to learn more about 203 W Madison Street? Do you have questions about finding other Commercial real estate for sale in Pontiac? You can browse all Pontiac real estate or contact a Coldwell Banker agent to request more information.

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203 W Madison St Pontiac, IL 61764