1240 N Market St

Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Large price reduction due to recent loss of tenant. 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...Large price reduction due to recent loss of tenant. 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. Great ocuntry location close to city. Showings are to be by appointment only. This is an excellant opportunity for the paxton community.
  1. Listed by Ronald Lenington • Lenington Realty
    P: (217)-379-4889 leningtonrealty@gmail.com

Property Details for 1240 North Market Street

Area
Paxton
Township
Patton
Air Conditioning Type
Central Air
Zoning
COMMR
LISTING UPDATED: 10/06/2025 12:07 AM

Property Details for 1240 North Market Street

StatusActive
MLS #12419411
Days on Market297
Taxes$8,703 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale
Year Built1958
Lot Size7.28 AC / 317,117 SF
CountyFord County

Location

Listing Courtesy of Lenington Realty
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Building Information for 1240 North Market Street

Stories1Residences2Year Built1958Lot Size7.28 AC / 317,117 SF

Payment Calculator

$2,280 per month

30 year fixed, 6.15% Interest

Principal and Interest

$1,555

Property Taxes

$725

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1240 North Market Street

General Information
Addtl Parking Information
  • Outdoor Parking: Over 100 Spaces
Location and General Information
  • Geographic Locale: Central Illinois
  • Information: Show-Special Instructions
Taxes and HOA Information
  • Additional Parcels: No
Property Information
Interior Features
  • Air Conditioning: Central Air
  • Electric: Circuit Breakers
  • Flooring: Carpet, Tile
  • Heat/Ventilation: Other
  • Misc Inside: Common Lunchroom/s,Accessible Entrance,Accessible Washroom/s,Other
  • Num of Baths: 0.0
Exterior Features
  • # Of Apts: 0
  • Water Drainage: Other
Utilities / Equipment
  • Water: Municipal Water
  • Utilities: Natural Gas Available, Sewer Connected
Property/Lot Information
  • Owners Association: No
  • Built Before 1978: Yes
  • Approximate Age: Older
  • Lot Dimensions: 616.7X287.6X15X178.2X176.2X114.1X90.1X110 .8X198.2X63X188X256.5 =7.28ACRES
  • Lot Size Square Feet: 317117.0
  • Stories: 1
  • Construction: Brick, Block
  • Fire Protection: Alarm On Site,Hydrants On Site,Sprinklers-Wet,Sprinklers
  • Foundation Details: Concrete Perimeter
  • Building Area Total: 37573
  • # Of Offices: 1
  • Other SqFt: 37575
  • # Of Stores: 1
  • Property Sub Type: Mixed Use
  • MRD_UNC: Yes
Property and Assessments
  • Possible Use: Commercial, Office, Development, Multi-Family, Retail
  • Public Document Count: 0
  • Photos Count: 36
Miscellaneous
  • Current Use: Commercial
  • Location: Not in City Limits
Virtual Tour/Additional Media
  • Virtual Tour: None
  • Virtual Tour YN: No
Multi Family
Multi-Family Information
  • Number Of Units Total: 2
Income & Expenses
  • Electric Expense: $.00
  • Fuel Expense: $.00
  • Gross Income: $60,000.00
  • Gross Scheduled Income: $60,000.00
  • Insurance Expense: $.00
  • Known Encumbrances: First Mortgage
  • Total Monthly Income: 5000
  • Other Expense: $.00
  • Trash Expense: $.00
  • Water Sewer Expense: $.00

Property History for 1240 North Market Street

DateEvent & SourcePriceAppreciation
Sep 30, 2025

Price Change

MRED #12419411

$319,000
Sep 30, 2025

Price Change

MRED #12419411

$315,000
Jul 14, 2025

Listed (Active)

MRED #12419411

$395,000
Oct 6, 2014

Sold (Public Record)

Public Record #1091839302

$1,770,000
DateEvent & SourcePrice
09/30/2025

Price Change

MRED #12419411

$319,000
09/30/2025

Price Change

MRED #12419411

$315,000
07/14/2025

Listed (Active)

MRED #12419411

$395,000
10/06/2014

Sold (Public Record)

Public Record #1091839302

$1,770,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1240 North Market Street

Taxable ValueLand$18,200Additions$100,910Total$119,110
Tax Record2024$8,703 ($725 / month)
Home Facts
Lot Size317,117 SqFtStyleMiscellaneous CommercialZoningAG-1CountyFORDAPN11-14-05-300-007

Schools near 1240 North Market Street

This home is within Paxton-Buckley-Loda Community Unit School District 10.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Clara Peterson Elementary School
PublicPK to 5

Paxton-Buckley-Loda Jr High School
Public6 to 8

Paxton-Buckley-Loda High School
Public9 to 12

Panther Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1240 North Market Street is a mixed use property for sale in Paxton, IL 60957. This property was listed for sale on July 14, 2025 by Lenington Realty, it's currently listed at $319,000. It has been on the market for a total of 297 days and was last sold on October 6, 2014. This listing's school district is Paxton-Buckley-Loda Community Unit School District 10. Nearby schools include Clara Peterson Elementary School, Paxton-Buckley-Loda Jr High School and Paxton-Buckley-Loda High School. 1240 North Market Street is a 0-bed, 0-bath, mixed use property built in 1958.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Lenington Realty

Based on information from one of the following Multiple Listing Services: Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Midwest Real Estate Data LLC (\"MRED\"), MRED PLN GRID, Northwest Indiana REALTORS® Association and NorthWest Illinois Alliance of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 10/06/2025 12:07 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.