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250 Peru Street

Paw Paw, IL 61353
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Bed 5

Bed

Bath 5

Bath

SqFt2,422

Sqft

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 tena nt 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.

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Detail Ic Property Details

Property Type : Residential

Price : $230,000

AD Id : 78051975

MLS Id : MRD12624406

Beds : 5

Living Area Size : 2,422

Year Built : 1891

Garage : 3

County : Lee

  • Map Map

Map

Feature Features

  • Bedroom Information

    Total Bedroom: 5 Room Types: Kitchen, Bedroom 5, Enclosed Porch Heated, Exercise Room, Storage

    Bathroom Information

    Total Baths: 5 Full Baths: 1 Half Baths: 4

    Room Information

    Rooms Total: 12

    Interior Features

    1st Floor Bedroom, In-Law Floorplan Roof: Asphalt Appliances: Range, Dishwasher, Refrigerator, Washer, Dryer, Other Laundry Features: Main Level, Upper Level, In Unit, Laundry Closet

    Roofing Information

    Asphalt
  • Flooring Information

    Flooring: Carpet Construction Materials: Wood Siding
  • Heating & Cooling

    Heating: Natural Gas, Forced Air Cooling: Central Air WaterSource: Public

  • Building Information

    Year Built: 1891
  • Exterior Features

    Other Construction Materials: Wood Siding Foundation Details: Concrete Perimeter

  • Lot Information

    Lot Dimensions: 84x226x100x62x64x99 Lot Description: Irregular Lot, Mature Trees Lot Size: .25-.49 Acre

    Property Information

    Property Type: Residential Style: Traditional Sub Type: Detached Single Type Detached: Multi-Level

  • Listing Price Information

    Original List Price:$230000

  • Tax Information

    Annual Tax: $6003.52 Tax Year: 2025 Parcel Number: 22181047602500 Tax Exemption: Homeowner

  • Parking Information

    Total Parking: 6 Concrete, Gravel, Garage, Yes, Garage Owned, Attached, Detached, Off Street, Driveway, Alley Access, Garage Faces Side, Owned Is Parking Included in Price: Yes

    Garage Information

    Garage Space: 3

    Homeowners Association Information

    Included Fees: None

  • School Information

    Elementary School: Paw Paw Elementary School Junior High School: Paw Paw Jr/Sr High School Senior High School: Indian Creek Middle School
  • Utility Information

    Sewer: Public Sewer Water Source: Public
  • Location Information

    City: Paw Paw Direction: Chicago Rd to Peru St south
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
237 Chapman Street, Paw Paw, IL, 61353 $190,000 2 1 842 842 SqFt
186 Peru Street, Paw Paw, IL, 61353 $189,000 1 1 800 800 SqFt
188 Peru Street, Paw Paw, IL, 61353 $270,000 3 2 1,920 1,920 SqFt
240 Maple Street, Paw Paw, IL, 61353 $299,000 5 3 2,083 2,083 SqFt
210 Wabansi Trail, Paw Paw, IL, 61353 $409,000 4 3 1,950 1,950 SqFt
3402 S Paw Paw Road, Paw Paw, IL, 61353 $650,000 4 3 4,300 4,300 SqFt
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ByOwner last updated this listing 06/17/2026 @ 18:20

MLS: MRED #12624406 LISTED BY: Wendi Sleezer, Swanson Real Estate 815-786-9418 SOURCE: Midwest Real Estate Data LLC (MRED) (Listings courtesy of Midwest Real Estate Data LLC (MRED) as distributed by MLS GRID)

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