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$375,000 Just Listed
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Property Description
A rare opportunity to own a versatile commercial property in the heart of downtown Paxton. This property offers endless possibilities for an entrepreneur, investor, or business owner ready to make their mark. One half of the building is filled with exposed brick walls and a warm, inviting atmosphere - ideal for an event venue, overflow dining, retail shop, or creative commercial space. The main commercial area includes a kitchen setup and ample seating space, providing a strong foundation for a variety of business concepts without starting from scratch. Outside, you'll find a recently added patio and bar area that seats approximately 50, creating the perfect setting for summer nights, live music, private events, and outdoor gatherings. This space alone opens the door to additional revenue opportunities and community-focused experiences. Located on Paxton's bustling Main Street, this property benefits from excellent visibility, steady foot traffic, and undeniable small-town charm. If you've been waiting for the right downtown investment, this is your chance to create the next successful business in Paxton.
Full Property Details
Full Property Details for 125 S Market St
General
- Price: $375,000
- Taxes: $4,253 (2024)
- Status: Active
- Type: Commercial
- Source: MRED
- MLS ID: 12640569
- Updated: 5/7/2026
- Added to Site: 4 day(s) ago
Additional Information
- Security/Safety: Sprinklers
Location
- Area: Paxton
- County: Ford
- Township: Patton
- Driving Directions: From Route 45 in Paxton, turn onto Market Street and head south. Continue a short distance and 125 South Market Street will be on your left.
- Location Details: Central Illinois
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Gas
Structural Information
- Stories/Levels: 2
- Year Built: 1950
- Built Before 1978: Yes
Lot Features
- Lot Size (Sq. Ft.): 8,028
- Lot Dimensions: 50 x 160
Financial Considerations
- Security Deposit: Sprinklers
- Assessment Year: 1950
- Tax Amount: $4,253
- Tax Year: 2024
Disclosures and Reports
- Property ID: 11140835800600
Listed by Nate Evans Group
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Schools
Schools serving 125 S Market St
School District:Paxton-Buckley-Loda Community Unit School District 10
| Name | Grades | Distance |
|---|---|---|
Clara Peterson Elementary School PO Box 50, Paxton, IL 60957 | PK-5 | 0.6 mi |
Paxton-Buckley-Loda Jr High School PO Box 50, Paxton, IL 60957 | 6-8 | 0.6 mi |
Paxton-Buckley-Loda High School PO Box 50, Paxton, IL 60957 | 9-12 | 0.6 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 125 S Market St
Date
Details
Price
Change
Source
5/06/2026
Listed
$375,000
87.5%
MLS
2/21/2023
Sold
$200,000
—
Public Record
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 125 S Market St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,866
—
$41,460
110%
2023
$1,865
7%
$19,730
13%
2022
$1,742
3%
$17,460
5%
2021
$1,689
3%
$16,630
3%
2020
$1,643
-1%
$16,150
—
2019
$1,668
1%
$16,150
—
2018
$1,646
-3%
$16,150
—
2017
$1,690
8%
$16,200
2%
2014
$1,572
—
$15,830
—
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 125 S Market St
125 S Market Street, Paxton, IL 60957 (MLS# 12640569) is a Commercial property. 125 S Market Street is currently listed for $375,000 and was received on May 06, 2026. Want to learn more about 125 S 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.

