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$275,000 -$44,000 (-13.79%) Price Reduced

  • For Sale
  • Active
  • Commercial
  • 37,573 Sq. Ft.
  • Updated 1 day ago
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The Owner Has Reduced The Total Asking Price!!! Take A Look!! Near To 38,000 Sq Ft Well Constructed (Prior Nursing Home Facility) Presently 6400 Sq Ft Has Been Upgraded With A Previous Day Care Center. The Total Property Is Being Offered As Is Presented. There Are Many Possibles For The Interested Buyer. Possibles Include Senior Living,Restauant,Efficiency Appartments and The List Just Goes On. There Is City Water With Fire Hydrants and An Interior System. City Sewer,Paxton Fire Prot. District. There Is A Couple Additional Out Buildings That Are Included. The Potential Just Goes On. Location Close To City. Showings Are To Be By Appointment Only. Complete Package $275,000 This Is An Excellant Opportunity For The Paxton Community.

Full Property Details for 1240 N Market St

General

  • Price: $275,000
  • Taxes: $8,703 (2024)
  • Status: Active
  • Type: Commercial
  • Source: MRED
  • MLS ID: 12419411
  • Updated: 4/1/2026
  • Added to Site: 262 day(s) ago

Interior

  • Interior Features: Common Lunchroom(s), Accessible Entrance, Accessible Washroom/s, Other
  • Flooring: Carpet, Tile

Additional Information

  • Security/Safety: Alarm on Site, Hydrants on Site, Sprinklers (Wet), Sprinklers

Location

  • Area: Paxton
  • County: Ford
  • Township: Patton
  • Driving Directions: TRAVEL NORTH UP MARKET STREET {BUSINESS DISTRICT} TO PROPERTY NORTH OF TOWN ON THE WEST SIDE
  • Location Details: Central Illinois, Not in City Limits

Heating & Cooling

  • Cooling Type: Central Air Conditioning
  • Heating Type: Other

Utilities

  • Water: Municipal Water
  • Onsite: Natural Gas Available, Sewer Connected

Structural Information

  • Construction: Brick, Block
  • Exterior Const.: Brick, Block
  • Foundation: Concrete Perimeter
  • Sub-Flooring: Carpet, Tile
  • Stories/Levels: 1
  • Square Feet: 37,573
  • Current Bldg. Use: Commercial
  • # of Stores: 1
  • Year Built: 1958
  • Built Before 1978: Yes

Unit Information

  • # Tenants: 1

Lot Features

  • Lot Size (Sq. Ft.): 317,117
  • Lot Dimensions: 616.7 x 287.6 x 15 x 178.2 x 176.2 x 114.1 x 90.1 x 110 .8 x 198.2 x 63 x 188 x 256.5 =7.28ACRES
  • Drainage: Other
  • Potential Use: Commercial, Office, Development, Multi-Family, Retail, Special Use
  • Zoning: COMMR

Financial Considerations

  • Lease Price: $6
  • Security Deposit: Alarm On Site, Hydrants On Site, Sprinklers-Wet, Sprinklers
  • Assessment Year: 1958
  • Tax Amount: $8,703
  • Tax Year: 2024

Disclosures and Reports

  • Property ID: 11140530000700

Listed by Lenington Realty

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— 1240 N Market St —

  • Lenington Realty

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NMLS#: 1598647

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Schools serving 1240 N Market St

School District:Paxton-Buckley-Loda Community Unit School District 10
NameGradesDistance
Clara Peterson Elementary School
PO Box 50, Paxton, IL 60957
PK-51.8 mi
Paxton-Buckley-Loda Jr High School
PO Box 50, Paxton, IL 60957
6-81.5 mi
Paxton-Buckley-Loda High School
PO Box 50, Paxton, IL 60957
9-121.6 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 1240 N Market St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/01/2026
Price Reduced
$275,000
-13.79%
MLS
9/30/2025
Price Reduced
$319,000
-19.24%
MLS
7/14/2025
Listed
$395,000
-77.68%
MLS
10/06/2014
Sold
$1,770,000
—
Public Record
Get Price Alerts and Save Property
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 for 1240 N Market St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$8,703
—
$119,110
8%
2023
$8,703
8%
$109,980
13%
2022
$8,059
4%
$97,330
5%
2021
$7,766
1%
$92,700
3%
2020
$7,680
-2%
$90,000
—
2019
$7,799
-77%
$90,000
-77%
2018
$33,734
-1%
$395,030
—
2017
$34,187
10%
$396,420
2%
2014
$31,058
—
$387,280
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1240 N Market Street, Paxton, IL 60957 (MLS# 12419411) is a Commercial property. 1240 N Market Street is currently listed for $275,000 and was received on July 14, 2025. Want to learn more about 1240 N Market Street? Do you have questions about finding other Commercial real estate for sale in Paxton? You can browse all Paxton real estate or contact a Coldwell Banker agent to request more information.

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