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Four lots offered individually with countless possibilities in one incredible location. Welcome to a rare opportunity in the heart of Colfax's thriving business district, where four commercial parcels are ready to transform vision into reality. Whether you're an entrepreneur looking for the perfect site, a developer seeking your next project, or an investor positioning yourself for future growth, these highly visible lots offer flexibility that's increasingly difficult to find. All public utilities are available, eliminating a major hurdle in the development process and allowing you to focus on bringing your plans to life. Even better, all four parcels lie within a TIF district, creating the potential for valuable developer incentives and redevelopment assistance that can help maximize your investment and accelerate your project timeline. Each parcel is being offered individually, allowing buyers to select the footprint that best fits their needs. Looking bigger? Purchase multiple lots-or secure all four-to create a larger development site with endless potential for retail, office, mixed-use, service businesses, or other commercial ventures. Situated in the center of town and surrounded by established businesses, community activity, and steady traffic, these properties place your future investment exactly where opportunity lives. Build one. Build several. Build your vision. However you choose to approach it, opportunities like this don't come around often. The future of your business starts here-in the heart of Colfax.

Highlights

  • Land
  • 0.08 Acre Lot
  • 161 days on Market


  • Acres
    0.08

  • Area
    Colfax
  • County
    McLean
  • City
    Colfax
  • Neighborhood
    Not Applicable
  • Zip Code
    61728
  • High School
    Ridgeview High School
  • Middle School
    Ridgeview Jr High School
  • Elementary School
    Ridgeview Elementary School

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Frequently Asked Questions

How do I schedule a tour of 120 E Main St?

We can make that happen quickly. Click Tour This Home and we'll connect you directly with our vetted local partner to schedule your visit to 120 E Main St.

They know lands in the area well and can give you the guidance you need to buy with confidence.

How do I get more information about 120 E Main St?

Click Ask a Question to talk with our team. You already know it is a N/A bed, N/A bath, listed for $10,000. We can talk through recent upgrades, potential seller motivation, how this land compares to others in Colfax, and can even get you in to see the property quickly.

How much is the monthly mortgage payment for 120 E Main St?

With a 20% down payment and a 30-year fixed loan at an illustrative 7.25% rate, the ez Mortgage Calculator estimates the monthly payment for 120 E Main St at around $63. This includes estimated property taxes and insurance.

Want to see how this changes with different down payments or interest rates? Jump to the calculator to run the numbers and fine-tune your plan.

How do I get pre-approved to buy 120 E Main St?

Stand out in a competitive market by getting pre-approved today. Our quick and private pre-approval process helps you understand your true buying power—no credit pull required to explore all of your options.

Or, let us connect you with our preferred local lender in McLean County. They will give you all of your available financing options, based on your specific situation and what is available to you.

Can I negotiate the asking price for 120 E Main St?

In most cases, yes. Whether 120 E Main St is priced competitively or not, your best offer depends on your personal situation, the seller's timeline, and recent activity in Colfax's market. Our preferred local partner will help you craft a strategy—factoring in comparable properties that have sold, timing, and deal structure—to make a smart, strong offer. Click here to ask about negotiation opportunities.

How do I make an offer on 120 E Main St?

We can handle that for you. Our preferred local agent specializes in lands in Colfax and can guide you through every step of the offer process.

You need an expert who is looking out for your best interests. From market valuation to contingencies and timing, they'll help you present a compelling offer that fits your goals. Click Ask a Question to get started today.

How long has this property been on the market?

120 E Main St was listed on June 01, 2026, which means it's been on the market for 161 days.

Want to keep tabs on it? Click the ♥ to favorite this home and get notified of price drops or changes.

What is the lot size of this property?

120 E Main St sits on a 0.08-acre lot, which is 3,485 square feet.

What schools are assigned to this property?

Based on MLS info, this home is zoned for:

  • Elementary: Ridgeview Elementary School
  • Middle: Ridgeview Jr High School
  • High: Ridgeview High School

Want to see how these schools compare? Check out our McLean County School Guide to see ratings, reviews, and more for the schools in the area.

What are the property taxes for 120 E Main St?

The most recent public record shows annual property taxes for 120 E Main St were approximately $75. This may change with reassessment or exemptions. Our local partner can verify current tax amounts and help you estimate future costs based on your situation.

Is 120 E Main St still available for sale?

Yes, this home is still available! Click the ♥ to favorite it so you don't miss any changes—or ask our local expert to schedule a time to see it in person.

Source: ez Home Search, MLS Data

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Listing information provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS. Copyright 2026, Midwest Real Estate Data (MRED). All rights reserved.

Last Updated: November 09, 2026 at 01:51PM | Source: Midwest Real Estate Data (MRED) | MLS#: 12657235