$100,000
( $68.97Per Sq Foot )
 $537 est/mo Sourced by Back At You

316 Chicago Road,Paw Paw, IL 61353

Paw Paw, IL 61353

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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.**

Details

MLS #12405816
Listing TypeFor Sale
StyleMixed Use
Sub-TypeResale
StatusActive
Year0
Days On Site8
Listing Provided BySwanson Real Estate | Wendi Sleezer

Features

SQ Feet1,450
Story(s)2
Units3
ZoningCOMMR

Interior

CoolingCentral Air

Exterior

RoofComposition
Foundation DetailsBrick/Mortar, Stone
Construction MaterialsAluminum Siding, Vinyl Siding

Utilities

UtilitiesElectricity Available, Natural Gas Available

Taxes

Property1918

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Learn More About This Property

StateIL
CountyLee
CityPaw Paw
Zip Code61353
AreaPaw Paw
Sourced by Back At You
Listing Updated: July 7, 2025 at 12:13:48 AM PDT