500 S Third St, Peotone, IL 60468 Property Records

Will County property record for 500 S Third St, Peotone, IL 60468

Property Summary

Property Type	Commercial
Lot Size	0.78 acres (33,991 sqft)
Owner	Company Name on File
Last Sale	$868,600 (Jun 2018)
Tax Bill	$17,360 (2025)
Deeds & Mortgages	Aug 2023 Mortgage Dec 2024 Mortgage + 4 more
Flood Zone	Zone X (minimal risk)
APN	`17-20-24-417-003`

Property Details

APN / Parcel Number

Primary APN	`17-20-24-417-003`
Alternative APN	`20244170030000`

Interior

Units	17 Units

Exterior

Lot Area	33,991 sqft (0.78 acres)

Location & Zoning

Street Address	500 S THIRD ST
City	PEOTONE
State	IL
Zip	60468-9477
Property Category	Commercial
Property Type	Commercial > Retail
Legal Description	THAT PRT OF FARM LOT 11 IN HOSMER A JOHNSONS SUB IN THE VILLAGE OF PEOTONE, PRT OF THE SE1/4 SEC 24 T33N-R12E DAF: COMM AT A
Legal Range	12E
Legal Township	33N
Legal Section	24
Legal Subdivision	HOSMER A JOHNSONS
Legal Lot Number	11
Jurisdiction	WILL IL
Township / Civil Division	PEOTONE
Census Block Group	3
Census Block	3020
Census Tract	883904

Owner

Source: Will County assessment roll, as of June 30, 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	13030 W BRUNS RD, MANHATTAN, IL 60442-8114
Owner Type	Company
Vesting	Company

Deeds, Mortgages & Sale History

Date	Document
Aug 23, 2023	Deed of Trust, Mortgage · Commercial Mortgage GRUNDY BANK
Dec 9, 2024	Deed of Trust, Mortgage · Commercial Mortgage GRUNDY BANK
Sep 18, 2019	Deed of Trust, Mortgage · Commercial Mortgage GRUNDY BANK
Sep 1, 2020	Deed of Trust, Mortgage · Line of Credit GRUNDY BANK
Jan 29, 2019	Quit Claim Deed, Transfer ATTORNEY ONLY
Jun 5, 2018	Trustee's Deed, Foreclosure · Commercial Mortgage GRUNDY BANK

Assessor's Deed Record

Deed Names	Verified Name on Deed
Last Sale	Jun 5, 2018 · Amount on Record
Deed Sale	Jun 5, 2018 · Amount on Record
Prior Sale	Sep 19, 2003 · Amount on Record
Deed Document Number	201837473
Prior Transfer Date	Oct 21, 2003
Prior Transfer Doc	0000068907
Record Updated	Sep 20, 2026

August 2023: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WILL IL
Property Address	500 S THIRD ST, PEOTONE, IL 60468-9477
Transaction Type	Mortgage
Record Updated	Apr 3, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name
Investor	Possibly a Property Investor

Mortgage

Document Number	0000043499
Date	Aug 23, 2023
Instrument	R2023043499

Lender

Name	GRUNDY BANK
Type	Bank
Address	MORRIS, IL 60450

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

December 2024: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WILL IL
Property Address	500 S THIRD ST, PEOTONE, IL 60468-9477
Transaction Type	Mortgage
Record Updated	Apr 3, 2026

Transferred To (Grantee/Buyer)

Name	Verified Name
Investor	Possibly a Property Investor

Mortgage

Document Number	0000064694
Date	Dec 9, 2024
Instrument	R2024064694

Lender

Name	GRUNDY BANK
Type	Bank
Address	MORRIS, IL 60450

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate

September 2019: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WILL IL
Property Address	500 S THIRD ST APT 17, 17, PEOTONE, IL 60468-9454
Transaction Type	Mortgage
Record Updated	Dec 5, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000064243
Date	Sep 18, 2019
Instrument	R2019064243

Lender

Name	GRUNDY BANK
Type	Bank
Address	MORRIS, IL 60450

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate

September 2020: Deed of Trust, Mortgage

Document Type	Deed of Trust
Jurisdiction	WILL IL
Property Address	500 S THIRD ST APT 17, 17, PEOTONE, IL 60468-9454
Transaction Type	Mortgage
Record Updated	Dec 5, 2022

Transferred To (Grantee/Buyer)

Name	Verified Name

Mortgage

Document Number	0000073480
Date	Sep 1, 2020
Instrument	R2020073480

Lender

Name	GRUNDY BANK
Type	Bank
Address	MORRIS, IL 60450

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate
Change Frequency	Monthly

January 2019: Quit Claim Deed, Transfer

Document Type	Quit Claim Deed
Jurisdiction	WILL IL
Recording Date	Jan 29, 2019
Property Address	500 S THIRD ST APT 17, 17, PEOTONE, IL 60468-9454
Document Number	0000005593
Instrument Date	Jan 18, 2019
Instrument	5593
Transaction Type	Transfer
Record Updated	Feb 8, 2019
Title Company	ATTORNEY ONLY

Transaction

Tax	$0.00
Additional	Quitclaim Intrafamily Transfer

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Company
Address	13030 W BRUNS RD MANHATTAN IL 604428114, MANHATTAN, IL 60442-8114

June 2018: Trustee's Deed, Foreclosure

Document Type	Trustee's Deed
Jurisdiction	WILL IL
Recording Date	Jun 5, 2018
Property Address	500 S THIRD ST APT 17, 17, PEOTONE, IL 60468-9454
Document Number	0000037473
Instrument Date	May 24, 2018
Instrument	R2018037473
Transaction Type	Foreclosure
Record Updated	Nov 4, 2021
Title Company	CHICAGO TITLE

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on File
Loan-to-Value (LTV)	LTV on Record
Tax	$1,303.50
Amount Accuracy	Full Amount Stated

Transferred From (Grantor/Seller)

Name	Verified Name
Address	00000

Transferred To (Grantee/Buyer)

Name	Verified Name
Address	1303 W BURNS RD, MANHATTAN, IL 60442

Mortgage

Document Number	0000037474
Date	Jun 5, 2018
Instrument	R2018037474

Lender

Name	GRUNDY BANK
Type	Bank

Agreement

Type	Commercial Mortgage
Amount	Amount Recorded

Tax Assessment & Valuation

Source: Will County assessment roll, as of June 30, 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

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$17,360.00 (+0.17%)
2024		$293,877 (+13.06%) Land $73,947 Building $219,930	$881,631 (+13.06%) Land $221,841 Building $659,790
2022	$17,330.00	$259,930 Land $40,000 Building $219,930	$779,790 Land $120,000 Building $659,790

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.

Flood

Source: FEMA National Flood Hazard Layer, effective June 11, 2026 · OpenFEMA NFIP redacted claims and policies, as of September 2026

FEMA Flood Zone	Zone X minimal risk
Flood Insurance Requirement	Not required lenders may require it
Nearby Flood Policies	2 in force

Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Not rated no burnable land within ember reach

Drinking Water

Source: EPA Safe Drinking Water Information System, as of September 2026

Water System	AQUA ILLINOIS-PEOTONE serves 4,182 people · EPA ID IL1970750
Water Source	Purchased surface water from AQUA ILLINOIS-KANKAKEE
Last State Inspection	Jul 2022
Lead	Under 1 ppb (2025) action level 15 ppb

Violations Reported to EPA

Water Quality	None last 10 years
Treatment and Procedure	None last 10 years
Monitoring and Reporting	None last 3 years

Results are for the whole water system, not water tested at this address; lead at the tap also depends on the building's own pipes.

Internet Providers

Source: FCC Broadband Data Collection, based on 155 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Pavlov Media Fiber	8,000 / 8,000
Xfinity Cable	2,000 / 250
Bertram Communications Fixed Wireless	100 / 20

May also be available: T-Mobile USA, Verizon.

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