316 Chicago Rd - Office/Residential FOR SALE


Paw Paw, IL 61353
$100,000 USD
815-786-9418
316 Chicago Rd, Paw Paw, IL for Sale
$100,000 USD
Office/Residential - FOR SALE
1/20
null | Request Cap Rate

316 Chicago Rd
Paw Paw, IL 61353


HIGHLIGHTS

  • Long term residential tenant with lease through 12/2025
  • Tif Eligibility
  • 2 Utility meters for Main and Second Floor tenants. CA

OVERVIEW

**Investor Opportunity in Small-Town Downtown District - TIF Incentives Available** Located in the center of a small community business district, this three-unit mixed-use building offers a solid investment opportunity with municipal support for redevelopment through available **Tax Increment Financing (TIF) incentives**. It's an excellent option for those looking to contribute to local revitalization while securing income-producing property. The building includes two main-level office suites that share a common restroom, making them ideal for small businesses, startups, or professional services in need of reasonably priced space with downtown visibility. The second floor features a one-bedroom apartment with a tenant in place through December 2025. The residential and commercial area is metered separately for gas and electric. The property is serviced by two furnaces and two water heaters, one per floor. With its central location and flexible layout, this building provides great potential for steady income and long-term value. Whether you're expanding your portfolio or launching a new venture, this is a practical opportunity to invest in a growing community with local support for improvement.

FOR SALE DETAILS

PRICE

$100,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,439 SF

ZONING

CBD1

APN/PARCEL ID

22-18-10-428-050

ASK ABOUT THIS PROPERTY

Wendi SleezerSwanson Real EstateMore Info
815-786-9418

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Wendi SleezerSwanson Real EstateMore Info
815-786-9418

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.