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.

Paw Paw is located in Illinois. Paw Paw, Illinois has a population of 934. Paw Paw is less family-centric than the surrounding county with 26.61% of the households containing married families with children. The county average for households married with children is 27.63%.
The median household income in Paw Paw, Illinois is $52,466. The median household income for the surrounding county is $62,250 compared to the national median of $69,021. The median age of people living in Paw Paw is 35 years.
The average high temperature in July is 82.2 degrees, with an average low temperature in January of 11.8 degrees. The average rainfall is approximately 36.5 inches per year, with 28.1 inches of snow per year.