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518 S Third St, Peotone, IL 60468 Property Records

Will County property record for 518 S Third St, Peotone, IL 60468

Property Summary

Property TypeCommercial
Lot Size0.33 acres (14,287 sqft)
OwnerCompany Name on Record
Last Sale$144,900 (Aug 2019)
Tax Bill$4,013 (2025)
Deeds & MortgagesMar 2020 Mortgage
Aug 2019 Sale
Flood ZoneZone X (minimal risk)
APN17-20-24-417-008

Property Details

APN / Parcel Number

Primary APN17-20-24-417-008
Alternative APN
  • 20244170080000

Exterior

Lot Area14,287 sqft (0.33 acres)

Location & Zoning

Street Address518 S THIRD ST
CityPEOTONE
StateIL
Zip60468-9208
Property CategoryCommercial
Property TypeCommercial > Retail
Legal DescriptionTHAT PORTION OF FARM LOT 11 IN HOSMER A JOHNSON'S SUB OF SEC 24 T33N-R12E DAF: COMM AT AN OLD STONE 292.4 FT W OF THE SE
Legal Range12E
Legal Township33N
Legal Section24
Legal SubdivisionHOSMER A JOHNSON'S SUB
Legal Lot Number11
JurisdictionWILL IL
Township / Civil DivisionPEOTONE
Census Block Group3
Census Block3020
Census Tract883904

Owner

Source: Will County records, as of August 24, 2026

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of RecordCompany Name on Record
Mailing Address634 MORRIS ST, ROCKDALE, IL 60436-2458
Owner TypeCompany
VestingCompany

Deeds, Mortgages & Sale History

DateDocument
Mar 26, 2020Deed of Trust, Mortgage · Commercial Mortgage
MIDLAND STATES BANK
Aug 27, 2019Warranty Deed, Transfer
CHICAGO TITLE COMPANY, CHICAGO TITLE CO

Assessor's Deed Record

Deed NamesName on Deed
Last SaleAug 27, 2019 · Amount on Record
Deed SaleAug 27, 2019 · Amount on Record
Prior SaleOct 24, 2000 · Amount on Record
Deed Document Number201957262
Record UpdatedOct 29, 2026

March 2020: Deed of Trust, Mortgage

Document TypeDeed of Trust
JurisdictionWILL IL
Property Address518 S THIRD ST, PEOTONE, IL 60468-9208
Transaction TypeMortgage
Record UpdatedFeb 5, 2021

Transferred To (Grantee/Buyer)

NameVerified Name

Mortgage

Document Number0000023523
DateMar 26, 2020
InstrumentR2020023523
Lender
NameMIDLAND STATES BANK
TypeBank
AddressJOLIET, IL 60431
Agreement
TypeCommercial Mortgage
AmountAmount Recorded
Term60 Months
DueMar 12, 2025

August 2019: Warranty Deed, Transfer

Document TypeWarranty Deed
JurisdictionWILL IL
Recording DateAug 27, 2019
Property Address518 S THIRD ST, PEOTONE, IL 60468-9208
Document Number0000057262
Instrument DateAug 21, 2019
Instrument57262
Transaction TypeTransfer
Record UpdatedSep 11, 2019
Title CompanyCHICAGO TITLE COMPANY, CHICAGO TITLE CO

Transaction

AmountAmount Recorded
Tax$217.35
Amount AccuracyConfirmed
Additional
  • Arm's Length

Transferred From (Grantor/Seller)

NameVerified Name

Transferred To (Grantee/Buyer)

NameVerified Name
RelationshipCompany
Address1415 BLACK RD JOLIET IL 604353809, JOLIET, IL 60435-3809

Tax Assessment & Valuation

Source: Will County assessment roll, as of August 24, 2026

Property Jurisdictions

TypeName
StateIllinois
CountyWill County
County SubdivisionPeotone Township
MunicipalityPeotone Village
Unified School DistrictPeotone Community Unit School District 207U (PK - 12)

Tax Bill & Assessment History

YearTax BillAssessed ValueAssessed Market Value
2025$4,013.00 (+11.63%)$67,935 (-) Land $32,832 Building $35,103$203,805 (-) Land $98,496 Building $105,309
2024$67,935 (+25.99%) Land $32,832 Building $35,103$203,805 (+25.99%) Land $98,496 Building $105,309
2022$3,595.00$53,923 Land $18,820 Building $35,103$161,769 Land $56,460 Building $105,309

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 ZoneZone X
minimal risk
Flood Insurance RequirementNot required
lenders may require it
Nearby Flood Policies2 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 RiskNot rated
no burnable land within ember reach

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.

Drinking Water

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

Water SystemAQUA ILLINOIS-PEOTONE
serves 4,182 people · EPA ID IL1970750
Water SourcePurchased surface water from AQUA ILLINOIS-KANKAKEE
Last State InspectionJul 2022
LeadUnder 1 ppb (2025)
action level 15 ppb

Violations Reported to EPA

Water QualityNone
last 10 years
Treatment and ProcedureNone
last 10 years
Monitoring and ReportingNone
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

ProviderMax 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, Verizon.

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