Courtesy: Swanson Real Estate
815-786-9418
Calling all investors, developers, and entrepreneurs! Unlock the potential of this unique mixed-use property offering multiple paths to increased cash flow and long-term appreciation. With much of the plumbing infrastructure already in place and an adaptable floor plan, this property presents an outstanding opportunity for a creative redesign. The existing layout lends itself to the possibility of creating up to three income-producing spaces, subject to buyer verification of zoning and municipal approvals. The current second-floor 2-bedroom apartment is ideal for immediate rental income, while the expansive main and lower levels offer the flexibility to remain one large commercial or residential space or be thoughtfully reconfigured into two separate units. Whether your vision includes expanding rental income, creating a live-work investment, establishing professional offices, or developing a flexible mixed-use property, the possibilities are impressive. Minor interior renovations can dramatically modernize the space while maximizing functionality and appeal. Situated on two village lots, the property also features a fenced outdoor area, blacktop parking/recreation space, an attached one-car garage, and an oversized barn with two-car capacity-perfect for additional storage, workshop space, contractor operations, or future expansion. Well maintained with ongoing improvements over the years, this property is positioned for its next chapter. Take advantage of available TIF incentives while exploring the many redevelopment opportunities this property offers. Mixed-use properties with existing residential income, adaptable commercial space, generous storage, and significant value-add potential are increasingly difficult to find. Bring your vision and transform this property into a high-performing investment. Several photos virtually staged for design ideas!
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.
