Senior Housing Property with
For Sale
Contact for pricing
1240 N MARKET Street, Paxton, IL 60957
Former nursing home property with an upgraded day care area, municipal utilities, fire protection, and additional outbuildings.
Property Size37,573 SF
Days on Market392
Property Features for 1240 N MARKET Street
General Information
Standard status
Active
Size
37,573 SF
Property subtype
Commercial
Zoning
COMMR
Additional Details
Asking Price
$275,000
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$8,703
Building Details
Building Size
37,573 SF
Year Built
1958
Stories
1
Units
2
Listing Agency:
Lenington Realty
(217) 379-4889
Listed By:
Ronald Lenington · License #471000902
(217) 379-4889
Source:
Perillorealestategroup
Added: Jul 14, 2025
Changed: Aug 3
Last Checked: Aug 8 at 12:50PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lenington Realty
Investment Insights
Based on property information with market context.
Located at 1240 N Market Street in Paxton, this senior housing property includes near to 38,000 SF of improvements originally developed as a nursing home facility. Approximately 6,400 SF has been upgraded for a previous day care center, while the property is offered in its presented condition. Additional outbuildings are included.
The site has city water, city sewer, fire hydrants, and an interior fire protection system. Fire service is provided through the Paxton Fire Protection District, and the property is zoned COMMR. Potential uses identified for the improvements include senior living, a restaurant, and efficiency apartments. The building was constructed in 1958, with showings available by appointment.
The site has city water, city sewer, fire hydrants, and an interior fire protection system. Fire service is provided through the Paxton Fire Protection District, and the property is zoned COMMR. Potential uses identified for the improvements include senior living, a restaurant, and efficiency apartments. The building was constructed in 1958, with showings available by appointment.
Key Highlights
- Near to 38,000 SF of improvements originally developed as a nursing home facility
- Approximately 6,400 SF upgraded for a previous day care center
- City water and city sewer serve the property
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 60957, IL
5,499
Population
2,627
Households
2.1
Avg Household Size
41
Median Age
23%
College-Educated
95%
High-School Grad
104.9 sq mi
ZIP Area
52
Density / Sq Mi
$66,741
Median Household Income
$45,213
Median Earnings
$920
Median Rent
$122,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Senior housing / Retirement Home - Former nursing home property with an upgraded day care area, municipal utilities, fire protection, and additional outbuildings.
Where is this senior housing / retirement home located?
The property is located at 1240 N MARKET Street Paxton, IL.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Near to 38,000 SF of improvements originally developed as a nursing home facility; Approximately 6,400 SF upgraded for a previous day care center; City water and city sewer serve the property
