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About the Listing 24215 - 247447
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.
Listing Highlights
Status
Active
Days on Site
24
Property Type
Residential
MLS ®
12624406
Year Built
1891
Total Square Footage
2,422
Lot/Acreage
84x226x100x62x64x99
County
Lee
Area
Paw Paw
School District
271
Elementary School
Paw Paw Elementary School
Middle School
Paw Paw Jr/Sr High School
High School
Indian Creek Middle School
Interior Details
- Bedrooms: 5
- Bathrooms: 1 Full / 4 Half
- Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Multiple Water Heaters
- Air Cond: Central Air
- Heating: Natural Gas,Forced Air
- Fireplaces:
- Floor: Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: 900
- Basement: Finished,Exterior Entry,Egress Window,Partial Exposure,Rec/Family Area,Storage Space,Daylight,Full
- Other: 1st Floor Bedroom,In-Law Floorplan
- Water: Public
Exterior Details
- Lot Description: Irregular Lot,Mature Trees
- Garage Capacity: 3 car
- Parking Spaces: 6
- Lot Dimensions: 84x226x100x62x64x99
- Roof: Asphalt
- Others:
- Sewer: Public Sewer
- Parking Features: Concrete,Gravel,Garage,Yes,Garage Owned,Attached,Detached,Off Street,Driveway,Alley Access,Garage Faces Side,Owned
Financial Details
- Tax Amount: $6,004
- Taxes w/Assessments: N/A
- Tax/Property ID: 22181047602500
- Tax Year: 2025
Payment Calculator
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Questions About..
250 Peru St Paw Paw, IL 61353
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