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125 S Market St 125 S Market St 6,317 SF 100% Leased Retail Building Paxton, IL 60957 $600,000 ($94.98/SF)
Executive Summary
A rare opportunity to own a versatile commercial property in the heart of downtown Paxton - complete with two apartments upstairs. This property offers endless possibilities for an entrepreneur, investor, or business owner ready to make their mark. One half of the building is filled with exposed brick walls and a warm, inviting atmosphere - ideal for an event venue, overflow dining, retail shop, or creative commercial space. The main commercial area includes a kitchen setup and ample seating space, providing a strong foundation for a variety of business concepts without starting from scratch. Outside, you'll find a recently added patio and bar area that seats approximately 50, creating the perfect setting for summer nights, live music, private events, and outdoor gatherings. This space alone opens the door to additional revenue opportunities and community-focused experiences. Upstairs are two apartments, offering a built-in secondary income stream - perfect for long-term rentals, short-term stays, or on-site living. Located on Paxton's bustling Main Street, this property benefits from excellent visibility, steady foot traffic, and undeniable small-town charm. From the flexible commercial spaces to the income-producing apartments above, this building blends character, functionality, and opportunity. If you've been waiting for the right downtown investment, this is your chance to create the next successful business in Paxton.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,317 SF
Building Class
B
Year Built
1950
Price
$600,000
Price Per SF
$94.98
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.76
Lot Size
0.19 AC
Walk Score®
Very Walkable (74)
Property Taxes
| Parcel Number | 11-14-08-358-006 | Improvements Assessment | $37,720 |
| Land Assessment | $3,740 | Total Assessment | $41,460 |
Property Taxes
Parcel Number
11-14-08-358-006
Land Assessment
$3,740
Improvements Assessment
$37,720
Total Assessment
$41,460
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