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Listed by Wendi Sleezerof Swanson Real Estate
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Est. payment /mo
Active
250 Peru ST Paw Paw, IL 61353
2,422 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 2,422 sqft
MLS Listing ID 12667006
Year Built 1891
Annual Tax Amount $6,003
Tax Year 2025
Lot Dimensions 85x222
Property Sub-Type Mixed Use
Property Description
Business owner retiring after more than 30 years, creating a rare opportunity to acquire a highly versatile mixed-use property in the heart of a caring small-town community. Whether you're an investor seeking cash flow, an entrepreneur looking for a live-work setup, or a business owner ready to expand, this property offers exceptional flexibility and long-term potential. The main floor and basement levels provide approximately 2,000 sq ft of space for a variety of commercial uses including professional offices, educational services, retail, wellness businesses, studios, or community-focused enterprises. The established commercial layout allows for immediate occupancy or adaptation to suit your business needs. The upper level features a private 2-bedroom, 1-bath apartment, providing valuable rental income, employee housing, or owner-occupied living quarters. Situated on two village lots, the property includes a fenced outdoor area, blacktop recreation space, an attached 1-car garage, and an oversized barn/2-car garage offering additional storage, workshop space, contractor facilities, or future business expansion possibilities. Well maintained with ongoing updates and improvements since 1992, this property presents multiple value-add opportunities, including continued mixed-use operation, commercial redevelopment, additional rental income strategies, or conversion to other permitted uses. Invest in your future while becoming part of a thriving small-town community. TIF Incentives available. Properties offering this combination of commercial space, residential income, ample storage, and redevelopment potential are rarely available.
Location
State IL
County Lee
Zoning OTHER
Interior
Cooling Central Air, Window Unit(s), Zoned
Flooring Carpet, Vinyl, Other
Fireplace Y
Exterior
Utilities Available Electric to Site, Natural Gas Available, Sewer Connected
View Y/N true
Roof Type Composition
Building
Foundation Block, Concrete Perimeter
Water Municipal Water
Structure Type Block,Wood,Other,Frame
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