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250 Peru Street , Paw Paw, IL 61353

$230,000
  • 250 Peru Street , Paw Paw, IL 61353 Main Photo

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New to the Market New
SQUARE FEET2,422 MLS#12667006
STATUSNew PROPERTY TYPECommercial - Business

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.

250 Peru Street | MLS# 12667006

This commercial property located at 250 Peru Street , Paw Paw, IL 61353 is currently listed for sale with an asking price of $230,000. Search Paw Paw real estate on www.gogambino.com today.

Property Features

Property Type: Commercial - Business
Cooling: Central Air, Window Unit(s), Zoned
Lot Size: 0.43 Acres
Roof Type: Composition
Stories: 2.0
Taxes: $6,003
Year Built: 1891

Feature Descriptions

Drains: Patio, Other
Electric: Circuit Breakers, Separate Meters
Exterior: Block, Wood, Other, Frame
Fire Protection: Alarm Monitored, Carbon Monoxide Detector(s)
Flooring: Carpet, Vinyl, Other
Foundation: Block, Concrete Perimeter
Frontage Type: City Street
HVAC: Forced Air, Gas
Location: In City Limits
Lot Dimensions: 85x222
Miscellaneous Indoor: Storage Inside, Basement
Miscellaneous Outdoor: Patio, Other
Number of Tenant(s): 1
Parcel#: 22181047602500
Potential Use: Commercial, Other
Tenant Pays: Electricity, Heat, Sewer
Units: 2
Utilities: Electric to Site, Natural Gas Available, Sewer Connected

Listed By / Shown By

Listed By

Agency Name: Swanson Real Estate
Agency Phone: 815-786-9418

Shown By

Agency Title: Gambino Realtors
Agency Phone: 815-282-2222

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