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$75,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 237 Peru St
General
- Price: $75,000
- Taxes: $1,117 (2024)
- Status: Active
- Type: Lots/Land
- Source: MRED
- MLS ID: 12612012
- Updated: Today (4/14/2026)
- Added to Site: Today
Location
- Area: Paw Paw
- County: Lee
- Township: Wyoming
- Driving Directions: Chicago Rd to Paw Paw turn south on Peru St. to property
School Information
- School District: 271
- Elem School District: 271
- Midd School District: 271
- High School District: 425
- High School: Indian Creek High School
- Private School: Indian Creek High School
Utilities
- Onsite: Electricity Nearby, Natural Gas Nearby, Sewer Nearby
Structural Information
- Square Feet: 1.56
Lot Features
- Lot Size (Acres): 1.56
- Lot Size Range: 1.0 to 1.99 Acres
- Lot Dimensions: 174 x 65 x 80 x 82 x 40 x 50 x 309 x 201
- Frontage: City Street
- Frontage Feet: 173
- Street/Road Desc.: Asphalt
- Potential Use: Commercial, Multi-Family, Single Family
- Zoning: COMMR
Financial Considerations
- Tax Amount: $1,117
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 22181018302500
Listed by @properties Christies International Real Estate
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Schools
Schools serving 237 Peru St
School District:Lee Center Community Unit School District 271
| Name | Grades | Distance |
|---|---|---|
Paw Paw Elementary School PO Box 37, Paw Paw, IL 61353 | K-5 | 0.3 mi |
Paw Paw Junior High School PO Box 37, Paw Paw, IL 61353 | 6-8 | 0.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 237 Peru St
Date
Details
Price
Change
Source
4/14/2026
Listed
$75,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 237 Peru St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,117
-8%
$12,679
5%
2021
$1,218
—
$12,075
2%
2021
$1,218
3%
$11,838
5%
2020
$1,179
1%
$11,274
3%
2019
$1,166
100%
$10,946
3%
2018
100%
$10,627
2%
2018
—
$10,419
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 237 Peru St
237 Peru Street, Paw Paw, IL 61353 (MLS# 12612012) is a Lots/Land property with a lot size of 1.56 acres. 237 Peru Street is currently listed for $75,000 and was received on April 14, 2026. Want to learn more about 237 Peru Street? Do you have questions about finding other Lots/Land real estate for sale in Paw Paw? You can browse all Paw Paw real estate or contact a Coldwell Banker agent to request more information.

