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Listing provided courtesy of Eppel RealtyMREDas Distributed by MLSGrid- MLS# 12589327MLS Provider

203 W Madison StreetPontiac, IL 61764

Commercial · 4,320 Sq. ft.
$200,900 Active

203 W Madison Street Overview

Time on Site:
103 days
Visits:
1

Prime investment opportunity in the heart of downtown Pontiac! This mixed-use commercial building offers the perfect blend of steady income and long-term potential. The main level features two storefronts, each approximately 1,000 square feet. One is currently home to a boutique, while the second will be occupied soon, providing immediate rental income. Upstairs, you'll find a spacious 2,000 square foot apartment with 2 bedrooms and 2 bathrooms. With its generous layout and prime downtown location, the residential unit adds even more value and income potential to this already strong investment. Whether you're looking to expand your portfolio or step into a turnkey property with established tenants, this building is a rare find in a vibrant downtown district.

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203 W Madison Street Facts & Features

  • Type Commercial
  • Sq. ft. 4,320
  • Price/Sq.ft. $47

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 1800
  • Gross Scheduled Income: 21600
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1906

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Livingston
  • MLS Area Major: Pontiac

Tax Information

  • Tax Annual Amount: $5,633.60
  • Tax Year: 2024

General Information

  • Parcel Number: 151522403027
  • Possible Use: Commercial
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Information

  • Office SqFt.: 1000
  • Retail SqFt.: 1000

Building Interior

  • Building Area Total: 4320

General Information

  • Cooling: Central Air, Window Unit(s)
  • Electric: Circuit Breakers
  • Foundation Details: Brick/Mortar
  • Stories: 2

Exterior

Lot Information

  • Additional Parcels: No
  • Frontage Type: City Street
  • Lot Size Dimensions: 40 X 60.87
  • Lot Size Square Feet: 2434

Building Exterior/Construction

  • Construction Materials: Brick, Glass

General Information

  • Number Of Units Total: 3

203 W Madison Street Neighborhood

Community

61764 (PONTIAC) Demographics

40
Median Age
86
Population Density (per sq. mile)
23%
College Educated
$54,760
Estimated Median Income
3,542
Estimated Total Home Owners
1,796
Estimated Total Renters
66% / 34%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

203 W Madison Street Monthly Cost

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$ %
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$
Eric Nowik
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

203 W Madison Street Market Data

Based on the last 30 days in this zip code

$222,553
Average List Price
$114
Average Price per Square Foot
14
Properties Sold
83
Average Days on Market
32
Properties for Sale
Calculations provided by Reliance Network

203 W Madison Street History

Date Event Value Agent
6/1/2026Source: MRED Status Change
Active
5/27/2026Source: MRED Price Reduction
$200,900 -4.3%
5/27/2026Source: MRED Status Change
Price Change
4/14/2026Source: MRED Status Change
Active
4/9/2026Source: MRED Price Reduction
$209,900 -4.5%
4/9/2026Source: MRED Status Change
Price Change
3/23/2026Source: MRED Status Change
Active
3/18/2026Source: MRED Added to Database
March 18, 2026