1240 N MARKET Street Paxton, IL ^$ 319,000

1240 N MARKET Street

^$ 319,000

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1240 N MARKET Street

Paxton, IL, 60957

^$ 319,000

Bedrooms-- Baths-- Sq 37,573

Monthly Estimate*

^$ 1,990

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Commercial Property for sale in Paxton, IL

for $319,000. This 37,573 square foot building was built in 1958 on a lot size of 7.28.

LARGE PRICE REDUCTION DUE TO RECENT LOSS OF TENANT. 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. GREAT OCUNTRY LOCATION CLOSE TO CITY. SHOWINGS ARE TO BE BY APPOINTMENT ONLY. THIS IS AN EXCELLANT OPPORTUNITY FOR THE PAXTON COMMUNITY.

Commercial Active

Price

^$ 319,000

Property Type

Commercial

Taxes

^$ 8,703

Style

Commercial

Lot Size

7.28

Year Built

1958

Town/City

Paxton

County/Region

Ford

MLS | Web ID

12419411

Features

General

Cooling Central Air

Utilities Natural Gas Available Sewer Connected

Possession Negotiable Tenant's Rights

Zoning COMMR

Construction Materials Brick Block

Year Built 1958

Electric Circuit Breakers

Stories Count 1

Township Patton

Property Subtype Mixed Use

Tax Year 2024

Current Use Commercial

Gross Income 60000

County Ford

Insurance Expense 0

Property Type Commercial Sale Mixed Use

Possible Use Commercial Office Development Multi-Family Retail

Status Active

Directions TRAVEL NORTH UP MARKET STREET {BUSINESS DISTRICT} TO PROPERTY NORTH OF TOWN ON THE WEST SIDE

City Paxton

Number Of Units Total 2

MLS Area Paxton

Lot Size Square Feet 317117

Tax Annual Amount 8703

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active

Interior

Flooring Carpet Tile

Exterior

Water Source Municipal Water

Foundation Details Concrete Perimeter

Building Area Total 37573

Lot Dimensions 616.7X287.6X15X178.2X176.2X114.1X90.1X110 .8X198.2X63X188X256.5 =7.28ACRES

* Excluded Features

List By

Lenington Realty

Broker

leningtonrealty@gmail.com

Affordability Calculator

$2,715

Per Month

Monthly Principal & Interest: $1,990
Monthly Property Taxes: $725
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Paxton, IL

Average List Price ^$173,060

Percent of Sale Price 46%

About Paxton, IL

4,400 Population

-5% Since 2002

^$46,810 Median Income

41.09 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

565567 Elementary School

567955 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/30/2025	$315,000	-20.25%	Price Down
7/14/2025	$395,000		Listed Price

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1240 N MARKET Street, Paxton, IL, 60957 is a Commercial Property for sale at $319,000 with 37,573 sqft and a lot size of 7.28. 1240 N MARKET Street was built in 1958. The property's zip code is 60957 which is in Paxton, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Data is updated as of 12/11/2025.

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1240 N MARKET Street

Commercial Property for sale in Paxton, IL

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