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    Paxton, IL Restaurants for Sale

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    Rantoul, IL Rankin, IL Gifford, IL
    Paxton Commercial Opportunity
    Updated: Jul 14, 2025
    Paxton Commercial Opportunity

    1240 N MARKET Street, Paxton, IL 60957

    $275,000
    38,000 sqft · 7.28 AC lot
    Large lot: Approximately 38,000 sq ft.
    Existing 6400 sq ft structure previously upgraded as a day care center.
    Multiple development possibilities include senior living, restaurant, and efficiency apartments.
    Essential utilities: City water with fire hydrants and interior system, city sewer, natural gas available.
    Built with brick and block.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 9 Potential Opportunities for your consideration. Besides 1 Active listings in Paxton, IL, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 4 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Freestanding Commercial Building on Century Blvd
    Freestanding Commercial Building on Century Blvd

    333 S Century Boulevard, Rantoul, IL 61866

    $169,900
    1,775 sqft · 0.25 AC lot

    Commercial building with drive-thru on busy Century Blvd in Rantoul.

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    Rantoul, IL Commercial Development Land
    Rantoul, IL Commercial Development Land

    950 Broadmeadow Road, Rantoul, IL 61866

    $485,000
    2.36 AC lot

    Prime commercial land near I-57, ideal for various developments.

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    Remodeled Bar & Karaoke Venue
    Remodeled Bar & Karaoke Venue

    214 W Main St, Urbana, IL

    $970,000
    8,800 sqft · 0.11 AC lot

    Turnkey bar and karaoke venue with leaseback opportunity.

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    Downtown Urbana Commercial Building
    Downtown Urbana Commercial Building

    114 S Race, Urbana, IL 61801

    $475,000
    0.06 AC lot

    Two-story commercial building with first-floor restaurant in downtown Urbana.

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    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land Near Sports Complex
    Commercial Land Near Sports Complex

    2995 County Road 1400 E, Rantoul, IL 61866

    $563,000
    5.63 AC lot

    5.63 acre commercial development opportunity off Interstate 57.

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    Rantoul Commercial Development Opportunity
    Rantoul Commercial Development Opportunity

    2990 County Road 1400 E, Rantoul, IL 61866

    $4,000,000
    40.00 AC lot

    40-acre commercial land near I-57 in Rantoul, Illinois.

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    Historic Commercial Structure in Gilman
    Historic Commercial Structure in Gilman

    203 W 2nd Street, Gilman, IL 60938

    $195,000

    Oldest commercial building in Gilman, suitable for various businesses.

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    Prime Commercial Lot in Mahomet
    Prime Commercial Lot in Mahomet

    700 Eastwood Drive, Mahomet, IL 61853

    $1,050,000
    1.00 AC lot

    High-visibility 1-acre lot near interstate and national brands.

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    Paxton, IL Restaurants Market Trends and Statistics

    Explore 1 restaurants for sale in Paxton, IL on our real estate platform. These investment opportunities span a total of 38,000 square feet of properties for sale, with an estimated market value of $275,000.

    Sale prices for restaurant properties in Paxton, IL start at $275,000, averaging $275,000, and reaching up to $275,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Demographics Overview

    Population 5,620
    Population Growth (5Y) +6.3%
    Median Household Income $66,741
    College Educated 28.8%

    High-Yield Neighborhoods for Investment

    Identify Paxton submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    60957 $275K

    Taxes & Financing

    Tax Rate (average for all types) 9.60%
    Property Tax per SF $0.70 per SF
    Average Loan-to-Value 65.0%

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