Mixed-Use
For Sale
Contact for pricing
104 W Main Street #B, Peotone, IL 60468
Spaces are suited to medical, sales, and professional-service operations.
Property Size2,080 SF
Price / SF$0.01
Days on Market36
Property Features for 104 W Main Street #B
General Information
Standard status
Active
Size
2,080 SF
Property subtype
Office
Building Details
Year Built
1895
Buildings
1
Listing Agency:
Clarke Co.,Inc. R.E.
(815) 469-7700
Listed By:
Gregory Clarke · License #471013636
(815) 295-2282
Source:
Helenoliveri
Added: Sep 28
Changed: Oct 31
Last Checked: Oct 31 at 2:25PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Clarke Co.,Inc. R.E.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1895, this mixed-use property in downtown Peotone offers spaces in multiple sizes. The building accommodates medical and sales uses, as well as professional services. A local nurse practitioner operates in the property, and the available spaces can support functions such as examination areas, podiatry, massage, insurance, travel, and title services.
Restaurants, shops, taverns, and professional services are within walking distance. Downtown improvements include brick pavers, seating areas, benches, landscaping, lighting, parking, and parks. The property is at Main Street and Second Street.
Restaurants, shops, taverns, and professional services are within walking distance. Downtown improvements include brick pavers, seating areas, benches, landscaping, lighting, parking, and parks. The property is at Main Street and Second Street.
Key Highlights
- Mixed‑use building with spaces available in multiple sizes
- A nurse practitioner operates in the property
- Spaces can accommodate medical, sales, and professional‑service uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,987
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,740
$499.7K
Cap Rate 7%
$356,957
$357.0K
Cap Rate 9%
$277,633
$277.6K
Market Conditions
NOI Build-Up for 2,080 SF
Gross rent
$46.9K $22.56/SF
− Vacancy
−$13.6K −$6.54/SF
EGI
$33.3K $16.02/SF
− OpEx
−$8.3K −$4.00/SF
NOI
$25.0K $12.01/SF
Area
Will County, IL
Vacancy
29.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,740
Cap Rate 7%
$356,957
Cap Rate 9%
$277,633
Alternative Uses
Best Use
Mixed Use
$451.3K
$394.9K – $526.5K
NOI $31,590 @ 7.0% cap · market cap 263,250.00%
Second Best
Healthcare Medical
$402.5K
$352.2K – $469.6K
NOI $28,174 @ 7.0% cap · market cap 234,783.33%
Theoretical Best
Office A
$471.7K
$412.8K – $550.4K
NOI $33,022 @ 7.0% cap · market cap 275,183.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
285
Businesses Nearby
Explore this area
Business Placement
Demographics for 60468, IL
6,112
Population
2,329
Households
2.6
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
69.6 sq mi
ZIP Area
88
Density / Sq Mi
$101,618
Median Household Income
$44,625
Median Earnings
$1,102
Median Rent
$282,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Spaces are suited to medical, sales, and professional-service operations.
Where is this mixed-use property located?
The property is located at 104 W Main Street #B Peotone, IL.
What are key features of this property?
This property features: Mixed‑use building with spaces available in multiple sizes; A nurse practitioner operates in the property; Spaces can accommodate medical, sales, and professional‑service uses
