Contact us: 563.441.1776
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.
Property Highlights
Property Type: Commercial - Retail
Building Description: 1.0 stories
Year Built: 1930
General Information
County: Will
Listed By:
Village Realty Inc
708-478-1212
MRED MLS
MLS ID: 12587874
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120 W Main Street, Peotone, IL 60468.
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $357,000 | $357,000 | $357,000 |
| Down Payment | $71,400 | $12,495 | $89,250 |
| Monthly Mortgage Amount | $1,667 | $2,046 | $2,170 |
| Taxes | $497 | $497 | $497 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $157 | $0 |
| Monthly Estimated Total | $2,268 | $2,804 | $2,771 |
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 03/13/2026. The listing information on this page last changed on 03/13/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Fri 03/13/2026 12:04:24 AM EST) or MRED MLS (last updated Thu 03/12/2026 11:58:01 PM EST) or SCWMLS (last updated Thu 03/12/2026 11:54:51 PM EST) or Rockford Board of Realtors (NWIAR) (last updated Thu 03/12/2026 10:15:45 PM EST) or Cedar Rapids MLS (last updated Thu 03/12/2026 10:45:33 PM EST) or NEIRBR MLS (last updated Thu 03/12/2026 11:58:48 PM EST) or ICAAR MLS (last updated Thu 03/12/2026 11:37:40 PM EST) or ECIMLS (last updated Thu 03/12/2026 11:44:19 PM EST) or RMLSA (last updated Fri 03/13/2026 12:01:04 AM EST) or Muscatine MLS (last updated Fri 03/13/2026 12:00:31 AM EST) or No Coast MLS (last updated Thu 03/12/2026 11:54:28 PM EST). Real estate listings held by brokerage firms other than Ruhl&Ruhl Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
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Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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