250 Peru Street Paw Paw, IL 61353 • Commercial - Business • Active $230,000

Description

Discover a rare opportunity to own a highly versatile mixed-use property in the heart of a welcoming small-town community. Whether you're an entrepreneur searching for a live-work lifestyle, an investor seeking multiple income streams, or a business owner looking to expand, this property offers exceptional flexibility and long-term potential. Simple interior updates can dramatically transform the space, creating a modern and inviting environment tailored to your business or investment goals. The main level and finished basement provide approximately 2,000 square feet of adaptable commercial space suitable for professional offices, retail, educational services, wellness practices, studios, boutique businesses, or other permitted commercial uses. The second floor features a private 2-bedroom, 1-bath apartment, offering an ideal owner-occupied residence, employee housing, or an additional source of rental income. Operate your business downstairs while enjoying the convenience of living on-site, or lease both components to maximize investment potential. Situated on two village lots, the property offers a fenced outdoor area, blacktop parking/recreation space, an attached one-car garage, and an oversized barn with room for two vehicles. The barn provides outstanding flexibility for storage, workshop space, contractor operations, inventory, equipment, or future business expansion. Lovingly maintained with numerous improvements over the years, this property presents a variety of value-add opportunities, including modernization of the commercial space, continued mixed-use operation, additional income strategies, or redevelopment for other permitted uses. Take advantage of available TIF incentives while investing in a property that combines commercial versatility, residential income potential, generous storage, and future growth opportunities. Properties offering this unique combination of live-work convenience, income potential, and expansion possibilities are rarely available.

Property Highlights