$60,000
$80,000
25.0%For more information regarding the value of a property, please contact us for a free consultation.
316 Chicago RD Paw Paw, IL 61353
1,450 SqFt
Key Details
Sold Price $60,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Square Footage 1,450 sqft
Price per Sqft $41
MLS Listing ID 12405816
Annual Tax Amount $1,918
Tax Year 2024
Property Sub-Type Mixed Use
Property Description
**Investor Opportunity in Small-Town Downtown District - TIF Incentives Available** Located in the center of a small community business district, this three-unit mixed-use building offers a solid investment opportunity with municipal support for redevelopment through available **Tax Increment Financing (TIF) incentives**. It's an excellent option for those looking to contribute to local revitalization while securing income-producing property. The building includes two main-level office suites that share a common restroom, making them ideal for small businesses, startups, or professional services in need of reasonably priced space with downtown visibility. The second floor features a one-bedroom apartment with a tenant in place through December 2025. The apartment tenant is responsible for gas and electric utilities, while the owner pays for water and trash services. The residential and commercial area is metered separately for gas and electric. The property is serviced by two furnaces and two water heaters, one per floor. With its central location and flexible layout, this building provides great potential for steady income and long-term value. Whether you're expanding your portfolio or launching a new venture, this is a practical opportunity to invest in a growing community with local support for improvement. **Contact us today for more details.**
Location
State IL
County Lee
Area Paw Paw
Zoning COMMR
Interior
Cooling Central Air
Flooring Carpet, Varies, Vinyl, Other
Exterior
Utilities Available Electricity Available, Natural Gas Available
Roof Type Composition
Building
Structure Type Aluminum Siding,Vinyl Siding
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP

© 2025 Listings courtesy of MRED as distributed by MLS GRID. All Rights Reserved.
Bought with Kallan Welsh of Up Realty LLC
