# 250 Peru Street, Paw Paw, IL 61353

> **TL;DR:** commercial, $230,000, built 1891.
> A/C. Est. $997/mo. Listed 2 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $230,000 |
| Year Built | 1891 |
| Lot Size | 18,870 sqft (0.43 acres) |
| Stories | 2 |
| Property Type | Commercial (Other) |
| Status | For Sale |
| Days on Market | 2 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $997 |
| **Total** | **$997** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1891
- 0.43 acre lot
- 2 stories

## Description

### Agent Description
Business owner retiring after more than 30 years, creating a rare opportunity to acquire a highly versatile mixed-use property in the heart of a caring small-town community. Whether you're an investor seeking cash flow, an entrepreneur looking for a live-work setup, or a business owner ready to expand, this property offers exceptional flexibility and long-term potential. The main floor and basement levels provide approximately 2,000 sq ft of space for a variety of commercial uses including professional offices, educational services, retail, wellness businesses, studios, or community-focused enterprises. The established commercial layout allows for immediate occupancy or adaptation to suit your business needs. The upper level features a private 2-bedroom, 1-bath apartment, providing valuable rental income, employee housing, or owner-occupied living quarters. Situated on two village lots, the property includes a fenced outdoor area, blacktop recreation space, an attached 1-car garage, and an oversized barn/2-car garage offering additional storage, workshop space, contractor facilities, or future business expansion possibilities. Well maintained with ongoing updates and improvements since 1992, this property presents multiple value-add opportunities, including continued mixed-use operation, commercial redevelopment, additional rental income strategies, or conversion to other permitted uses. Invest in your future while becoming part of a thriving small-town community. TIF Incentives available. Properties offering this combination of commercial space, residential income, ample storage, and redevelopment potential are rarely available.

## Location

- **Address:** 250 Peru Street, Paw Paw, IL 61353
- **County:** Lee
- **Coordinates:** 41.688139, -88.981486
- **Google Maps:** https://www.google.com/maps?q=41.688139,-88.981486

## Listing Agent

- **Name:** Wendi Sleezer
- **Brokerage:** Swanson Real Estate
- **Phone:** (815) 693-4958
- **Email:** wrsleezer10@gmail.com

## Primary Photo

![250 Peru Street - Primary Photo](http://lh.rdcpix.com/5ddb22aa1d9180cd690760fcaadab7bcl-f2243267010r.jpg)

*41 total photos available on [listing page](https://www.propertysimple.com/listing/250-peru-street-paw-paw-il-61353-12667006)*

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**MLS#:** 12667006 | **Updated:** 2026-06-19
**Source:** listhub

*Copyright © 2026 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/250-peru-street-paw-paw-il-61353-12667006)

---

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