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Listing provided courtesy of Lenington RealtyMREDas Distributed by MLSGrid- MLS# 12419411MLS Provider

1240 N MARKET StreetPaxton, IL 60957

Commercial · 37,573 Sq. ft.
$275,000 Active

1240 N MARKET Street Overview

Time on Site:
350 days
Visits:
3

THE OWNER HAS REDUCED THE TOTAL ASKING PRICE!!! TAKE A LOOK!! NEAR TO 38,000 SQ FT WELL CONSTRUCTED (PRIOR NURSING HOME FACILITY) PRESENTLY 6400 SQ FT HAS BEEN UPGRADED WITH A PREVIOUS DAY CARE CENTER. THE TOTAL PROPERTY IS BEING OFFERED AS IS PRESENTED. THERE ARE MANY POSSIBLES FOR THE INTERESTED BUYER. POSSIBLES INCLUDE SENIOR LIVING,RESTAUANT,EFFICIENCY APPARTMENTS AND THE LIST JUST GOES ON. THERE IS CITY WATER WITH FIRE HYDRANTS AND AN INTERIOR SYSTEM. CITY SEWER,PAXTON FIRE PROT. DISTRICT. THERE IS A COUPLE ADDITIONAL OUT BUILDINGS THAT ARE INCLUDED. THE POTENTIAL JUST GOES ON. LOCATION CLOSE TO CITY. SHOWINGS ARE TO BE BY APPOINTMENT ONLY. COMPLETE PACKAGE $275,000 THIS IS AN EXCELLANT OPPORTUNITY FOR THE PAXTON COMMUNITY.

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1240 N MARKET Street Facts & Features

  • Type Commercial
  • Sq. ft. 37,573
  • Price/Sq.ft. $7

Details

General

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Income: 60000
  • Gross Scheduled Income: 60000
  • Insurance Expense: 0
  • Trash Expense: 0
  • Water Sewer Expense: 0

Building Information

  • Year Built: 1958

Business Information

  • Current Use: Commercial

Location/Region

  • County Or Parish: Ford
  • MLS Area Major: Paxton
  • Township: Patton

Tax Information

  • Tax Annual Amount: $8,703.00
  • Tax Year: 2024

General Information

  • Parcel Number: 11140530000700
  • Possible Use: Commercial,Office,Development,Multi-Family,Retail,Special Use
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Zoning: COMMR

Interior

Building Information

  • Other SqFt.: 37575

Building Interior

  • Building Area Total: 37573

General Information

  • Cooling: Central Air
  • Electric: Circuit Breakers
  • Flooring: Carpet, Tile
  • Foundation Details: Concrete Perimeter
  • Stories: 1

Exterior

Lot Information

  • Additional Parcels: No
  • Lot Size Dimensions: 616.7X287.6X15X178.2X176.2X114.1X90.1X110 .8X198.2X63X188X256.5 =7.28ACRES
  • Lot Size Square Feet: 317117
  • Water Source: Municipal Water

Building Exterior/Construction

  • Construction Materials: Brick, Block

General Information

  • Number Of Units Total: 2
  • Utilities: Natural Gas Available,Sewer Connected

1240 N MARKET Street Neighborhood

Community

60957 (Paxton) Demographics

41
Median Age
54
Population Density (per sq. mile)
33%
College Educated
$56,799
Estimated Median Income
1,690
Estimated Total Home Owners
481
Estimated Total Renters
78% / 22%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1240 N MARKET Street Monthly Cost

$
$ %
%
$
$
Randall Fowlkes
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1240 N MARKET Street Market Data

Based on the last 30 days in this zip code

$166,146
Average List Price
$107
Average Price per Square Foot
6
Properties Sold
67
Average Days on Market
26
Properties for Sale
Calculations provided by Reliance Network

1240 N MARKET Street History

Date Event Value Agent
4/6/2026Source: MRED Status Change
Active
4/1/2026Source: MRED Price Reduction
$275,000 -13.8%
4/1/2026Source: MRED Status Change
Price Change
10/5/2025Source: MRED Status Change
Active
9/30/2025Source: MRED Price Increase
$319,000 1.3%
9/30/2025Source: MRED Price Reduction
$315,000 -20.3%
9/30/2025Source: MRED Status Change
Price Change
7/31/2025Source: MRED Added to Database
July 14, 2025
7/31/2025Source: MRED Status Change
Active