112 N Second St, Peotone, IL 60468 Property Records

Will County property record for 112 N Second St, Peotone, IL 60468 · Last verified July 2026

Property Summary

Property Type	Commercial
Lot Size	0.08 acres (3,478 sqft)
Owner	Company Name on File
Last Sale	$200,000 (Feb 2023)
Tax Bill	$3,438 (2025)
Deeds & Mortgages	Feb 2023 Foreclosure
Flood Zone	Zone X (minimal risk)
APN	`17-20-24-218-019`

Property Details

APN / Parcel Number

Primary APN	`17-20-24-218-019`
Alternative APN	`20242180190000`

Exterior

Lot Area	3,478 sqft (0.08 acres)

Location & Zoning

Street Address	112 N SECOND ST
City	PEOTONE
State	IL
Zip	60468-9247
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	THE N 40 FT OF LOT 10 AND THE E 10 FT OF THE N 40 FT OF LOT 9, IN BLK 7 IN THE ORIGINAL VILLAGE OF PEOTONE OF SEC. 24, T33N-R
Legal Range	12E
Legal Township	33N
Legal Section	24
Legal Subdivision	VILLAGE PEOTONE
Legal Block	7
Legal Lot Number	10
Jurisdiction	WILL IL
Township / Civil Division	PEOTONE
Census Block Group	2
Census Block	2022
Census Tract	883904

Owner

Source: Will County records · APN 17-20-24-218-019

Assessment roll updated June 30, 2026 · Last verified July 2026

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	Company Name on File
Mailing Address	720 MAIN ST NW, BOURBONNAIS, IL 60914-2311
Owner Type	Company
Vesting	Trust

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Feb 01, 2023 · Amount on Record
Deed Sale	Feb 01, 2023 · Amount on Record
Deed Document Number	20235290
Prior Transfer Date	Jul 13, 1999
Prior Transfer Doc	0000089121
Record Updated	Sep 20, 2026

February 2023: Foreclosure

Document Type	Foreclosure
Jurisdiction	WILL IL
Recording Date	Feb 01, 2023
Property Address	110 N SECOND ST, PEOTONE, IL 60468-9247
Document Number	0000005290
Instrument Date	Jan 31, 2023
Instrument	R2023005290
Transaction Type	Foreclosure
Record Updated	Sep 14, 2023
Title Company	E-CHICAGO TITLE, CHICAGO TITLE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on File
Loan-to-Value (LTV)	LTV on Record
Tax	$200.00
Amount Accuracy	Full Amount Stated

Transferred From (Grantor/Seller)

Name	Verified Name
Address	217 W SUMNER AVE, PEOTONE, IL 60468-9003

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	720 MAIN ST NW, BOURBONNAIS, IL 60914-2311

Mortgage

Document Number	0000005291
Date	Feb 01, 2023
Instrument	R2023005291

Lender

Name	MUNICIPAL TRUST AND SAVINGS BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded
Term	179 Months
Due	Jan 28, 2038

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Will County records · Assessment roll updated June 30, 2026 · Last verified July 2026

Property Jurisdictions

Type	Name
State	Illinois
County	Will County
County Subdivision	Peotone Township
Municipality	Peotone Village
Unified School District	Peotone Community Unit School District 207U (PK - 12)

Tax Bill & Assessment History

Assessed value and assessed market value are set for property tax purposes, not market price estimates; both are a fraction of this property's market value.

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$3,438.00 (-19.77%)
2024		$58,203 (-9.45%) Land $7,296 Building $50,907	$174,609 (-9.45%) Land $21,888 Building $152,721
2022	$4,285.00	$64,280 Land $13,373 Building $50,907	$192,840 Land $40,119 Building $152,721

Flood & Wildfire

Source: FEMA National Flood Hazard Layer, Will County (17197C), updated June 11, 2026 · USDA Forest Service Wildfire Risk to Communities, 2nd edition (2024), fuels as of 2020 · Last verified October 2026

Flood

FEMA Flood Zone	Zone X
Flood Hazard	Minimal
500-Year Floodplain	No
Special Flood Hazard Area	No

Wildfire

Wildfire Risk	Not rated no burnable land in reach
Wildfire Likelihood	Negligible
Exposure	None beyond ember reach

Values are read at the parcel center point; lenders make the official flood determination.