Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1240 N Market St Paxton, IL 60957

    Sponsored
    For Sale
    $319,000

    COMMERCIAL - Paxton, IL

    Lot size:
    7.28 Acres
    Days on Market:
    92
    Last Refresh:
    Jan 5 at 4:06 pm

    Property Features for 1240 N Market St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMR
    APN
    11140530000700
    Lot size
    7.28 Acres

    Utilities

    Utilities
    Natural Gas Available
    Cooling system
    Central Air

    Building Details

    Year built
    1958
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Tile, Carpet
    Building materials
    Brick, Block

    Coldwell Banker Lenington Realty (217) 379-4889 [email protected]

    Listing agent Ronald Lenington (217) 379-4889

    Listing date Oct 6, 2025

    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.

    Overview

    Paxton Commercial Property For Sale

    This commercial property in Paxton, Illinois, offers a substantial opportunity with a recent price reduction due to tenant loss. The well-constructed building, formerly a nursing home facility, encompasses approximately 38,000 square feet. Currently, 6,400 square feet has been upgraded and previously housed a day care center. The property, sold as-is, presents various possibilities for prospective buyers, including senior living, a restaurant, or efficiency apartments. The 7.28-acre lot includes city water with fire hydrants and an interior system, city sewer, and fire protection from the Paxton Fire Protection District. Several additional outbuildings are also included. Located in a country setting near the city, the property offers great potential for the Paxton community. Showings are available by appointment only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    5 Points Academy Day Care Center

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Paxton
    County
    Ford
    State
    Illinois
    Longitude
    -88.09228
    Latitude
    40.471813

    Nearby Similar for Sale

    • $600,000
      0.18 Acres

      Versatile Commercial Property with Apartments

      Commercial property with apartments in downtown Paxton, Illinois.
      125 S Market St, Paxton, IL 60957
      View Details
    • $129,500
      0.28 Acres

      Retail/Service Building with Office Space

      Retail/service building with office space and shop bays.
      151 S Railroad Ave, Paxton, IL 60957
      View Details
    • $142,500
      1,421 SF

      Prime Paxton Retail Building

      High-traffic location, adaptable space, great potential.
      151 Railroad Ave, Paxton, IL 60957
      View Details

    FAQs

    What type of property is this?
    Senior housing facility - Large property with potential for senior living or apartments.
    Where is this senior housing facility located?
    The property is located at 1240 N Market St Paxton, IL.
    What is the asking price?
    The asking price for this property is $319,000.
    What are key features of this property?
    This property features: - Large price reduction due to recent loss of tenant.; - Near **38,000 sq ft well-constructed building** (prior nursing home facility).; - Located in a country location close to the city.
    (217) 379-4889
    Request Owner's contact information
    1240 N Market St Paxton, IL 60957
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1240 N Market St
    Paxton, IL 60957
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1240 N Market St Paxton, IL 60957
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.