237 Peru St Paw Paw, IL 61353
Estimated payment $493/month
About This Lot
Position your next development for success with this exceptional 1.56-acre commercial parcel at 237 Peru Street in Paw Paw, ideally located within the vibrant downtown business district. This prime site places you at the center of community activity, offering outstanding visibility and accessibility for a wide range of development opportunities. Zoned commercial and situated within village limits, this property delivers the flexibility investors and builders need to bring their vision to life. Imagine creating modern apartments that meet the growing demand for housing, developing single-family homes that appeal to residents seeking small-town charm, or constructing storage units that serve both local businesses and homeowners. With its location inside a designated TIF district, this property presents potential financial advantages that can help maximize your return on investment and support long-term growth. Downtown Paw Paw continues to offer opportunity and flexibility, making this parcel an attractive choice for developers who value adaptability and future potential. Whether you are planning a multi-unit residential project or a commercial venture designed to serve the surrounding community, this site offers the space, zoning, and strategic location needed to turn ideas into reality. Secure your place in the heart of Paw Paw and start building the future you envision.
Listing Agent
@properties Christies International Real Estate License #475134780 Listed on: 04/14/2026
Property Details
Property Type
- Land
Est. Annual Taxes
- $1,117
Lot Details
- 1.56 Acre Lot
- Lot Dimensions are 174 x 65 x 80 x 82 x 40 x 50 x 309 x 201
- Property is zoned COMMR
Schools
- Indian Creek High School
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $1,117 | $12,679 | $12,679 | $0 |
| 2023 | $1,172 | $12,075 | $12,075 | $0 |
| 2022 | $1,218 | $11,838 | $11,838 | $0 |
| 2021 | $1,198 | $11,274 | $11,274 | $0 |
| 2020 | $1,179 | $10,946 | $10,946 | $0 |
| 2019 | $1,166 | $10,627 | $10,627 | $0 |
| 2018 | $0 | $10,419 | $10,419 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 04/14/2026 04/14/26 | For Sale | $75,000 | -- | -- |
Source: Midwest Real Estate Data (MRED)
MLS Number: 12612012
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Listings courtesy of Midwest Real Estate Data (MRED) as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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