Real Estate Auction – Paw Paw, IL
Saturday, October 3rd 2026 at 10:00 am Central Time.
Location: 250 Peru St. Paw Paw, IL 61353
Auction Held On Site – Live Only
Mixed Use Commercial / Residential and Vacant Lot both located within the village of Paw Paw
PARCEL 1: Parcel 1 is a mixed use Commercial / Residential property commonly known as 250 Peru St. and consists of of a 2422 +/- sq ft former home / daycare center
with income producing upstairs 2 bedroom apartment on a large fully landscaped city lot of approx. .29 acre in the Village of Paw Paw. The daycare
occupied the 1st floor and basement have been fully converted to classrooms / office space with several bathrooms, full kitchen w/ laundry, fire
alarm system, and properly marked exits. The full basement also features 2 outdoor entrances and partial west exposure with large windows for
natural light. The upstairs apartment has its own entrance and utility meters and features 2 bedrooms, Living Room, full bath, Laundry hook ups
and is currently occupied on a month to month tenancy allowing a buyer full possession at closing. The property also features detached garage,
fully fenced backyard and mature trees. The possibilities are endless with this great space! Perfect for home based business or possibly convert
to multi-family.
PARCEL 2: Parcel 2 is a vacant lot located within the village of Paw Paw and is commonly known as 237 Peru St. This lot is approx. 1.56 acres
and has nearby city water and sewer along with electric and natural gas. There is also curb and gutter with a sidewalk along Peru St. The lot has
been properly mowed and maintained and is ready for your development project!
TERMS: $5,000 down the day of the auction for parcel 1, $2500 down on the day of the auction for parcel 2, with the balance due on or before
November 6th 2026, at which time full possession will be given. Sellers to provide an appropriate stamped Deed as well as a merchantable Title
Policy in the amount of the purchase price. Property being conveyed in its “as is” condition without any contingencies concerning financing and/or
the sale of another piece of property or appraisal. All announcements made on the day of the auction take precedence over all prior advertising.
Date: Saturday, October 3, 2026
Time: 10:00 am
Auction held: 250 Peru St. Paw Paw, IL 61353
