Jason Anderson
- Buy
- Sell
https://www.ruhlmortgage.com/LawrenceDavis.html
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.
Property Highlights
Property Type: Commercial - Business
Building Description: 2.0 stories
Year Built: 1891
General Information
County: Lee
Listed By:
Swanson Real Estate
815-786-9418
MRED MLS
MLS ID: 12667006
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250 Peru Street, Paw Paw, IL 61353.
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563-441-1862
toll free 866-441-1862
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| Loan Type | 30 Year Fixed | FHA 30 Year Fixed | 15 Year Fixed |
| Purchase Price | $230,000 | $230,000 | $230,000 |
| Down Payment | $46,000 | $8,050 | $57,500 |
| Monthly Mortgage Amount | $1,118 | $1,372 | $1,421 |
| Taxes | $320 | $320 | $320 |
| Insurance | $100 | $100 | $100 |
| HOA/Dues/Fees | $0 | $0 | $0 |
| Monthly Mortage Insurance | $0 | $101 | $0 |
| Monthly Estimated Total | $1,538 | $1,893 | $1,841 |
Jason Anderson
REALTOR®
Cell: (309) 207-0907
Licensed in IL
Moline Office
1701 52nd Avenue
Moline, IL 61265
(309) 743-8000
Moline, IL 61265
(309) 743-8000
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