Courtesy: Swanson Real Estate
815-786-9418
Business owner retiring-offering a rare commercial real estate investment opportunity to reimagine this well-maintained, income-producing property for your next venture or portfolio expansion. Currently operating as a long-standing daycare and preschool, this versatile mixed-use property is primed for transformation with multiple high-value exit strategies. Ideally positioned for commercial mixed-use zoning potential, continue operating a business while incorporating comfortable residential living quarters. Investors will appreciate the ability to convert into a multi-unit income property, with potential for 2-3 rental units utilizing the existing footprint, strategic bathroom enhancements, an existing 2nd-floor apartment, and an exterior-access finished basement-ideal for separate tenant entry and rental flexibility. Alternatively, reimagine the property as a multi-family investment property or fully deconvert into a spacious single-family home, perfectly suited for multi-generational living with defined separation, privacy, and flexible floorplan options to accommodate extended family or dual living needs. Set on two village lots, the property features a fenced yard, a blacktop half basketball court, and ample outdoor space for expansion, recreation, or value-add improvements. The oversized barn/garage offers exceptional storage, workshop, or contractor space, complemented by an attached one-car garage currently utilized by the tenant. Meticulously maintained with consistent interior updates since 1992, this is a rare opportunity for investors, developers, or owner-occupants to secure a flexible, high-potential property with strong income-producing capability, redevelopment upside, and long-term ROI potential.
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.
