Save
Ask
Hide
Share
$60,000

316 Chicago Road
Paw Paw, IL 61353

Mixed Use|Sold 08/29/2025
0
Beds
0
Total Baths
1,450
SqFt
$41
/SqFt
County:
Lee
Listing Courtesy of MRED as distributed by MLS Grid of Swanson Real Estate
Call Now: 815-786-9418
Is this the listing for you? We can help make it yours.
815-786-9418
Save
Ask
Hide
Share

**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.**

Save
Ask
Hide
Share
Listing Snapshot
Bedrooms 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Inside Area (SqFt) 
1,450 sqft
Lot Size 
N/A
Year Built 
N/A
MLS® Number 
12405816
Status 
Sold
Property Tax 
$1,918.14
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS®
General Features
Additional Property Use 
Commercial
Foundation 
Brick/MortarStone
Number Of Stories 
2
Property Sub Type 
Mixed Use
SqFt Total 
1450
Utilities 
Electricity AvailableNatural Gas Available
Zoning 
COMMR
Interior Features
Cooling 
Central Air
Electric 
Circuit Breakers
Flooring 
CarpetVariesVinylOther
Save
Ask
Hide
Share
Exterior Features
Construction Details 
Aluminum SidingVinyl Siding
Roof 
Composition
Community Features
MLS Area 
Paw Paw
Township 
Wyoming
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Save
Ask
Hide
Share